Written by Simon Hoyle
“There are some things that occur that
one would argue are outside of one’s control,” says Michael Guggenheimer, chief
executive of AMP Financial Planning (AMPFP). It’s a familiar feeling for many
people involved in financial planning - the sensation that one’s own destiny is
being determined by forces and interests outside the industry.
Written by Simon Hoyle
By the end of June, 2011, Steve Walpole aims to have moved
his financial planning business to 100 per cent fee-only advice. Not one cent
will come from investment products. It won’t have been an easy journey, and
that date is still almost two years away. But Walpole believes he’s
got the right philosophy to get there, and a business plan to match.
Doctors see it
all the time: a patient presents with a com- plaint, and after an investigation
and some tests, ends up being treated for something much
broader. Sometimes the initial symptom can paint an incomplete picture of the
total underlying malady.
