A great transfer of wealth is already in progress and advisers need to sit up and take notice to retain client assets that pass through the generations, delegates at PA360 North heard.
Financial advice is an essential part of ensuring good retirement outcomes for clients who are faced with a multitude of income choices, delegates heard.
The growth in propositions for proprietary software and adviser-run platforms has been a symptom of the frustration in the lack in innovation in the space, adviser delegates heard yesterday (5 October).
It is very likely that the Covid-19 pandemic has fast forwarded the digitalisation of the industry, creating a challenge for financial planners in balancing the benefits of both worlds, adviser delegates at PA360 heard.