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Warren Gibson,
Director, Sales and Marketing, Praemium Australia Pty. Ltd.
FoFA Ready Practice Audit
Is your business ready for the Future of Financial Advice?
The best businesses in any industry are those who keep an eye on the market around them and incorporate change into their business, to stay at the forefront of their peers and continually strive for excellence – in the way they service their clients, and the profits they enjoy. There has been a lot of noise about the upcoming FoFA legislative changes, and a few details are yet to be confirmed HOWEVER we know enough about what is coming to allow you to start addressing some changes in your business. You don’t have to wait until you can see the entire picture before taking action. Advisers who take action now will be far better positioned than those who sit back and wait in the hope that the whole thing will go away. It won’t!
What do we know about the Future of Financial Advice?
- You will no longer be paid by commissions for investment advice provided after 1st July 2012,
- Creating a fee-based pricing model is just the beginning – many businesses will need to restructure aspects of (or perhaps all of) their advice delivery model and client service offer,
- This process can take a considerable amount of time and effort, and is best not left to the last minute.
Do you know how your business will be affected, and where you can place your attention in order to get the most effective outcomes?
Our FoFA Ready Practice Audit service is a confidential online survey that will allow you to test just how ready your business is for FoFA, to stress-test your reliance on trail commissions and determine what changes you can implement in order to grow and prosper beyond 2012. It will be the best $250 you have ever spent on clarifying your business priorities for the coming year.
Upon completion of the online audit, you will receive your ‘Readiness Assessment’ immediately, and will then receive a more detailed report in your inbox within 48 hours, which will highlight the issues in your business, based on your answers, and will provide you with commentary to assist you to prioritise the areas on which you need to focus. You can then use those insights to assist you to formulate your business plan, whether you choose to handle your business transition on your own, with help from your licensee, or with the help from an Elixir business coach.
If knowledge is power, what are you waiting for? Click here to purchase your FoFA-Ready Practice Audit now.