Investment Trends’ work is focused on helping clients answer three fundamental questions:|
1. How does the market currently work?
2. How is the market evolving?
3. How do I improve business outcomes?
Investment Trends’ clients include many of the leading banks, investment platform providers, online brokers, margin lenders, as well as industry regulators, leading dealer groups and financial planning software providers.
Investment Trends was started in Australia and is now a multi-national research organisation conducting research and servicing clients in Australia, Asia, Europe and the US.
Breaking out from the FoFA catch-22
FS Advice, 10-Sep-14
Ever since the first draft of the Future of Financial Advice (FoFA) legislation came out, the advice sector has been trapped in a very big, very confusing catch-22.
The reform intended to make financial advice more transparent and more accessible to Australians. But the new requirements resulted into longer product disclosure statements (PDS) and redundant clauses such as the opt-in obligation.
Extra compliance led to higher costs, which meant that planners could only make advice profitable if they transferred the added cost to consumers. Ultimately, the consumers who could afford the increase were the wealthier ones.
So FoFA did not achieve its final goal to deliver advice to more Australians. And yes, the main impediment to it was… FoFA itself.
Congratulations to these recent prize winners