MB Fund Podcast: The Future of Financial Advice with Purpose Advisory and Metlife

The landscape of the financial advice industry has changed rapidly over the past decade, meaning major changes for clients and advisers alike. To unpack the changes, what these mean for clients and advisers, and what the future of financial advice looks like, we’ve brought Tristan Scifo and Harry Goldberg from Purpose Advisory onto the panel alongside Dr Jeffrey Scott, Head of Advice Strategy at Metlife.

In today’s investment webinar, MB Fund’s Head of Operations Shelley George, Head of Investments Damien Klassen, Head of Advice Tim Fuller and our panel of Financial Advisers dive into the Future of Financial Advice

A terrific show to help our listeners get more understanding about the past, present and future of financial advice, and some great insights into how advice can be of use across all ages.

View the webinar slides here

 

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Tim Fuller is Head of Operations at the MacroBusiness Fund, which is powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

Tim Fuller

Comments

  1. Unfortunately, the cost of complying with regulation has put the cost of good holistic financial advice out of the reach of most people.

    • PA sounds like you pay for a bunch of warm and fuzzy bs. I’d hate to be the adviser showing up and “coaching” 8 times a day to pay the bills. The future for advisers sure is bleak….

      • Consumers shouldn’t have to go to an adviser to get good quality life insurance either. To be frank, aside from calculating an appropriate sum insured, which many could competently do themselves, advisers add very little. I’m humored when advisers call themselves “risk specialists” and “risk advisers” considering the vast majority have never worked for an insurer and know bugger-all about actuarial science, underwriting, case law, the life insurance act or the life insurance code of conduct.

        Interesting too that Dr Jeffrey Scott didn’t discuss poor product design which almost sent the industry bust. Life insurers are still dealing with the legacy of generous product definitions and premiums that never came close to covering the risk.

        • Agree, although you could say the same thing about general insurance brokers. The advice industry is the same as it ever was. Still just a distribution function for insurers and investment managers. One difference is as total fees have come down, it’s the advisers that have taken an income hit for their “sales” work. That is probably fair and why so many now run their own sma’s to clip the ticket twice.