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.
“As the industry grapples with new entrants, new technologies and changing client expectations, wealth managers must take a step back to evaluate their offerings and redefine how they provide financial advice to better meet client needs and expectations…” because some 33% of clients plan to change advice providers within the next 3 years according to some global research.
A great thought piece on the interaction between consumer demands, technology and good old humans working with other humans…
What? Returns do NOT compound over time?
A provocative piece which challenges some financial planning theory, or conventional wisdom if you prefer…
I love this piece of work.
“…Occam’s Razor – the principle that the simplest solution tends to be the right one – is actually a medieval relic. “It is literally a historical artefact: William of Ockham employed this principle in his own 13th century work to topics resistant to scientific methods.” He says the continuing use of such thinking in science is akin a cardiologist resorting to bloodletting when heart medication doesn’t work…”
Some common sense advice here for advisers struggling to get their messaging right about their point of difference…