I’m not happy about the misconduct that has been revealed by Australia’s financial services Royal Commission. But I am delighted that it’s coming to light, and think this will be a great thing for people seeking high quality financial advice in the future.
In this article I share my second submission to the Code Working Group responsible for the proposed Code of Conduct for Financial Advice services. I reiterate and expand on my original submission, trying to put a strong case for ensuring that high quality advice is widely available to Kiwis, and that there aren’t unnecessary compliance costs associated with providing holistic, strategic advice (rather than limited, product-focused advice).
In this article I talk briefly about upcoming changes to how financial advisers will be regulated, and the proposed Code of Conduct for Financial Advice services. I also share my 3,000 word submission to the Code Working Group – where I try to put a strong case for ensuring that high quality advice is widely available to Kiwis, and that there aren’t unnecessary compliance costs associated with providing holistic, strategic advice (rather than limited, product-focused advice).
Companies have a corporate DNA, or core genetic profile. Does yours align with your values and priorities, and enable you to be healthy, happy, and ethical? (This article is less practical and more philosophical. It’s also more relevant if you’re self-employed or have significant influence where you work.)
Most investment advisers charge clients on the basis of asset-based fees (which are calculated as a percentage of the client’s investment portfolio). I don’t like asset-based fees, and in this article I explain why.
Australia’s financial services regulator is ASIC. (The New Zealand equivalent is the Financial Markets Authority (FMA).) ASIC recently released a report on how large financial institutions manage...
I was very pleased for Fairhaven Wealth to be profiled in industry magazine ASSET this month. Click to read a PDF of the article
When many people think about innovation, the first thing to come to mind is the iPhone. Certainly, the first generation of iPhone was innovative. It introduced a touch...
I think the days of days of advice-only advisers are beginning, and more traditional advice-and-implementation advisers are on the decline. Let me explain. Most financial advisers aren’t just...
To keep on the pulse of what is happening in the financial services industry, I subscribe to Seek.co.nz to receive updates about roles that come up. I’m not...
