More than any other sector, financial advice is under assault. The revenue models of most advice businesses require fundamental change. Customer expectations of the services required have changed. Profit is more difficult to achieve.
Licensees must rethink the value proposition extended to aligned firms. Compliance pressure requires vigilance yet creates tension with evolving commercial demands. Quality advice businesses demand more. Shifting adviser demographics and the large-scale exodus of older planners creates an opportunity for renewal. Building sustainable licensee and advice business models for the future is critical.
From technology to profitability, our team of consultants understand the challenges faced by advice industry participants.