5 September 2011 15:44
I finished the letter by offering to meet with him to explain myself further and to give him the comfort that the transition can be done and that it has been done by many others.
I explained that doing so will lead to better com- mercial outcomes for him, unambiguously trusted relationships with his clients and the freedom to ad- vise with complete intellectual independence. Surely, those are outcomes worth achieving.
commercial, fee, fees, financial
Whilst i do agree with most aspects of the acticle. The proposition that advice will change due to the remuneration of an adviser is rubbish. The fundamental concept of investing for clients is time. The wealth gains are made over time. Our investment advice should not and will not change based on how we are remunerated. To suggest otherwise is just spin.
I agree with the article because investment advise is only a part of the advice we provide. Our fundamental role is to help our clients and there families achieve the financial potential they are capable of and based on their earning capacity, Saving capacity and importantly the ability to make logical sensible lifestyle decisions along the way. All things in their control. If one’s value proposition is only around investment advice then I am of the view that an investment adviser needs to be properly resourced to actively manage a clients funds rather than just outsourcing the investments to a range of fund managers.
Dixon may be doing the right thing in the pandemic, but the contentious adviser is doing it for all the wrong reasons.
Professional Planner is the leading voice for financial planners where they can learn about industry standards, get news, information, debate and develop new ideas.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
COVER STORY: Commissioned to create a united industry response, was the Trowbridge report a stitch up?"/>
IN FOCUS: Cooking up a storm with a new recipe for retirement income solutions"/>
IN FOCUS: Doing it in style – a global approach to finding value in equities"/>
FORUM: Why success is is simple as A, B, and C"/>
Leave a Comment
You must be logged in to post a comment.