The government's ultimate reply to the Quality of Advice Review took us by surprise. With a modest reduction in red tape and a proposal for the establishment of a two-tiered advice industry, allowing banks to reenter the scene, the QAR has produced an unforeseen result.
While there's still a long way to go, in this session we discuss how QAR will reshape the industry and why it's not all bad news for advisers.
Australia's financial advice industry faces a significant challenge in meeting the demands of millions of Australians seeking professional financial advice.
This session explores the concept of transformative business solutions to overcome challenges and unlock growth opportunities.
In this session, you'll hear about:
Hear directly from Eugene
Australia's underinsurance issue is no secret, and advisers play a pivotal role in addressing this concern. However, insurers acknowledge the time constraints advisers face.
Following the government's response to the QAR in December 2023, notable changes were introduced, pointing toward a future where risk advice is incentivised through fees, signalling a shift away from traditional commissions.
Dive into this session to understand the crucial role insurers play in boosting efficiencies, enticing advisers back into the risk industry. Discover the significant investments in digital advancements to streamline financial advisory tasks, while acknowledging the persistent complexity in products.
Explore why we need to simplify current product roles to foster industry growth.
Hear directly from Marc
Matt Esler, Co-Founder of Padua, explores the transformative power of data in your financial advice business.
Through real-world examples, Matt demonstrates how data can redefine financial advice business operations, strategic planning, and client relationships. This presentation is a compelling call to action for advice firms to harness data analytics for competitive advantage, positioning them at the forefront of the financial services revolution.
Explore the nuanced landscape of intergenerational wealth transfers by delving into effective strategies for building stronger client relationships with both Millennials and Gen Z clients. This session will provide insights on striking a balance between these two generations and their Gen X parents, particularly their changing needs in relation to technology and how they prefer to get their information.
In this session we will:
Interactive discussions and case studies will encourage participants to share experiences and insights on navigating intergenerational dynamics in client relationships.
The industry finally knows where the government wants to go with SOAs, and while it doesn't support the complete abolishment of all forms of documentation, it has proposed a more streamlined document.
In this session we discuss the new-look SOA, its four key principles, and how technology can be leveraged to alleviate demands on advisers.
Themes covered include:
This session will be hands on and interactive, showing you how you can leverage technology to ease usually burdensome processes. Collaboration and knowledge sharing will also be key components of this session.
In this session Astute Wheel will review research conducted in the USA that shows how the the adaptation of client portals has benefited both advisers and clients.
Asute Wheel will also explore the components of a client portal that can transform your business and the relationships you have with your clients.
Explore the paradigm shift in investment strategies amid global economic and geopolitical challenges. In this session we'll dissect the opportunities and challenges presented by the new investment regime, with a special focus on the dynamic landscape of alternative investments.
In this session we will:
PPS Mutual is the only Life Insurance provider in Australia who currently offer life insurance products with a profit share and who distribute the profit to its Members. Its life risk insurance products are designed specifically to meet the protection needs of its professionals Members (doctors, lawyers, accountants etc.) and are only offered through IFAs. The business is based on the 80-year-old South African mutual, called PPS. As a mutual, PPS Mutual Members share in the ownership of the company and the profits of the insurance that they buy.
CEO Michael Pillemer will highlight to advisers the advantage and success offered by the mutual model, both in Australia and globally, with PPS Mutual’s growth and unique position within the risk insurance space in Australia as a proof point.
Sue Viskovic from Elixir will present an interactive session discussing the progress of AI and process automation in advice firms.
Explore what's possible, what's already working for others, and experience the power firsthand as you turn the bright ideas you've gathered throughout the day to key actions you'll take to implement your innovative ideas from the summit.
Most advisers we know ventured into financial advising because they’re passionate about making a real difference in people's lives, not being stuck behind a computer, drowning in admin.
Luckily for all of us, financial adviser scale specialist Adele Martin knows how to save you and your business hours of time each week by powering your file note process with AI, and she’ll be sharing a range of AI tools and best practice.
In this interactive training, Adele will cover:
Cable Rickard, manager of one of Australia’s largest wrap platforms, will discuss key strategies that make big business sustainable and how these concepts can be adopted for small business success. You’ll gain understanding of the principles and philosophies that you can apply to help improve your business efficiency, responsiveness and client interactions.
Cable will share insights on:
*This agenda is subject to change