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 recently.
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.
A very interesting report on the results of a survey of more than 10,000 digitally active people across Australia, Canada, Hong Kong, Singapore, the UK and USA that investigated the overall rate of FinTech adoption and the outlook for future usage…
“Thomas Philippon from New York University measures the cost of financial intermediation and shows that the cost has been trending upwards since 1970 and is significantly higher than in the past.
“In other words, the finance industry of 1900 was just as able as the finance industry of 2010 to produce loans, bonds and stocks, and it was certainly doing it more cheaply,” he says…”
Financial advice is no longer just for millionaires, and it seems to be virtually free for anyone. So where are the new clients going to come from?
Why are advisers still giving away the one asset that investors value most: advice?
Share them around please…they are too good to keep to yourself!