Listen to Debra Slabber, Portfolio Specialist Director at Morningstar Investment Management; Gareth Stobie, Managing Director of CoreShares; Craig Gradidge of Gradidge Mahura Investments; and personal finance writer and television presenter Maya Fischer-French in this panel discussion hosted by Michael Avery.
Topics covered:
- The changes of the last decade have largely been focused on getting customers a better deal, with a lot of focus on costs. But there is real concern that some of the regulation is not having the desired outcome, but simply adding costs and a compliance burden.
- Research on the disconnect between what clients say they want and what advisers think clients want.
- The importance of customisation of advice and the key role of behavioural coaching, eg to not sell when the market crashes, or to preserve retirement savings when changing jobs.
- Whether the burden of regulation is making advisers too nervous to “go the extra mile” and provide good innovative advice.
- How fees for advice are changing as a result of evolving service models.
- Morningstar research that shows how gamma (value added by financial advice) can improve performance by 1.6% per annum.
Not The Daily News on Classic Business on Fine Music Radio is brought to you by 10X Investments.
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