practice management

I'm Peter Worn, Advisely expert in advice process and technology
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I'm Anne Graham, Advisely board member
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I'm Selin Ertac, Advisely compliance and advice process expert
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I'm Jenny Brown, Advisely board member
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Business case study: How technology can help grow your business
Increased automation not only helps to create successful advice businesses, it can also transform the availability of advice to potential small and single-issue clients. This might sound like wishful thinking but Mat Tenison, who has worked in the advice industry for 20 years, believes it’s not only possible but also not…
Business case study: Why Anne Graham sees her role as that of a life coach
Offering a rare look at the way other advice businesses operate, we spoke to Story Wealth Management’s Anne Graham to learn how a personal touch with clients has helped her grow her business. Anne Graham - an award-winning financial adviser and Advisely Foundation Member - has spent the past 30 years helping clients…
How much does your advice book need to be worth before you sell?
To fetch top dollar when selling your advisory business, how much should your financial planning book be worth? It’s a question that Connect Financial Service Brokers CEO Paul Tynan, an expert in financial planning succession and valuation, fields on a weekly basis. “Whether you own a flower shop, a vineyard or a financial…
Your 10-year exit: Year-by-year guide to building a "sellable" advice business
Preparing to move on from your financial planning business starts the day you open your doors, according to one expert. He has some advice to help you plan your transition to retirement. Earlier this year, a Melbourne-based principal of a financial planning firm exited his business after years of searching for the right…
Scams and bad actors: managing your risk
Over 90% of successful cyber attacks start with a phishing email – and that’s just one of many risks you need to manage as a financial planner, warns one leading expert. Scammers stole over $3bn from Australians in 2022. That’s just the scams we know about, according to Scamwatch, with many, many more going unreported.…
Harvard study paints the future of financial services
This article has been taken from the NMP education library which has now moved to Advisely In financial services, since COVID there has been a pivot from some financial planners, accountants and bookkeepers who are developing new ways to work with their clients. This is predominately on how to deal with government,…
Who gets a map in the misconduct maze?
This article has been taken from the NMP education library which has now moved to Advisely If ASIC’s goal is to make its regulatory framework appear less byzantine, though, the latest guidance on advisers’ new breach reporting obligations isn’t doing the regulator any favours. The refreshed obligations expand the…
How advisers are slashing up to 30% of business expenses
This article has been taken from the NMP education library which has now moved to Advisely There are some green shoots, however. For the first time, there has been a concerted effort to try and drive the cost of financial advice down and make it more accessible. And anyone that runs a financial planning business knows that…
Making the right licensee choice
This article has been taken from the NMP education library which has now moved to Advisely The topic of licensing and the long-term sustainability of the established model certainly predates the Royal Commission and Australia’s big four banks moving to exit wealth management, but it’s fair to say those two events have…
The one advice sector that’s bucking the downward trend
This article has been taken from the NMP education library which has now moved to Advisely At the time of writing, adviser movements shows many advisers have left the industry. There was, however, one area of growth: small self-licensed advice businesses providing financial planning and/or investment advice services. At a…
Why you can’t let regulation run your business
This article has been taken from the NMP education library which has now moved to Advisely In her 35 years as an adviser, 26 of which have been spent as principal of Integra Financial Services, she’s always tried to anticipate what’s coming next – whether that’s a big piece of legislation, the new standard business model…
Is the advice industry suffering from “change fatigue”?
This article has been taken from the NMP education library which has now moved to Advisely When Financial Advice Matters Group (FAMG) launched a separate business focused on corporate wellness education seven years ago, managing director Darren Smith became acutely aware of how much was missing from the general public’s…
Will advice recover from the post-FASEA exodus?
This article has been taken from the NMP education library which has now moved to Advisely Having worked in finance and financial planning for over 30 years, the Story Wealth Management CEO has borne witness to multiple periods of upheaval in the advice industry – and, like her fellow travellers, has had to learn and…
Rise of the machines
This article has been taken from the NMP education library which has now moved to Advisely It’s passed law exams at US universities, Victorian schools just banned access to it and you can use it to shoot the breeze with a cyborg Benjamin Franklin: GPT-3.5, the latest version of the artificial intelligence language model…

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