Information, ideas, tips…the articles for professional advisers which I spotted this week that generate fresh thinking or a deeper understanding of issues are provided here as a quick readers digest for professionals who are looking ahead.
These are the highlights from the week that you should stop and read, as they are the best I’ve seen.
There is so much good information for professional services made available each week, much of which I share, that it is very easy to forget to pause and reflect. Each week I select the best handful and give them Tony’s BIG Ticks as being the ones that made me pause and reflect, or think further. They are sometimes thought-provoking, perhaps insightful, maybe a great sales or marketing idea or sometimes just incredibly topical.
Instead of systematically devaluing the product and reducing it to a commodity chosen on price perhaps there are other ways the insurance sector could innovate and really change…a superb article with some excellent insight and suggestions here….
An excellent and concise summary of the issues with AUM (Trail) fees being embedded in products, and why it is up for debate…
“Would a fully-automated advice capability drive better service standards and outcomes for my advice business and my clients, or does it simply make my job redundant?”
“An advisor who tries to act in your best interest but doesn’t have the skill or diligence to do so can cause just as much harm as a conflicted advisor….”
Maybe there’s hope for human advisers despite everything we read about robo’s, AI, technology and so forth….because it turns out the human-to-human connection really does matter and really does make a difference…