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# 1 portfolio construction info and tools resource for New Zealand's investment advisers | Est. 1990
Today's feature |
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Documenting your advice - the SOA
Statements of advice are one of the more onerous requirements for
financial advisers under the new regulatory regime. Code Standards 9 and
12 now mandate advisers must provide written information to clients
regarding personalised services. With very little guidance from the
regulator on how to go about this, financialalert asked some advisers
what they're doing to comply and how they're going about writing
financial plans... |
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Message from the Publisher |
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financialalert won't be publishing for the rest of this week, as we'll be joining the 120+ attendees at the PortfolioConstruction Forum Symposium in Auckland. We'll be back again from next Monday. |
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Comments |
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Simon Hassan - he or she who pays the piper calls the tune Tony Vidler is right to identify the core issue is not how we get paid but conflicts of interest, and how we manage these. Being a fiduciary is about where your loyalties lie... Whoever pays the piper gets to decide the tunes to be played... Comment > |
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Plus previously... |
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In the news: FMA to publish adviser compliance audit results, watching fees v commission
FMA to publish adviser compliance results, is watching fees vs
commission issues. Investors will pay $770 for comprehensive financial
advice. Financial Planning Standards Board seeks board nominations.
Weldon's top 10 for the next 10 years for growing NZ's economy.
Macquarie to recruit 30+ financial advisers |
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Why no one should care how you're paid
Nobody should care how an adviser gets paid, other than the customer.
This is not another piece on which type of remuneration is best - it is
about the most significant regulatory debate happening in the developed
world today and why AFAs have nothing to fear from it... |
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How do you estimate your client's life expectancy?
Many advisers suggest we should just set every client's retirement time
horizon to an arbitrary conservative age 95 or 100. But the reality is
that the overwhelming majority of clients will never live this long, or
even come close - and being so conservative can greatly impinge on the
client's ongoing lifestyle and enjoyment of retirement. So how should we
estimate life expectancy? |
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Adapting to the regulatory reality - part 2
In this second part of our two-part feature on adapting to the new
regulatory reality, we look at what to tell clients about investing, how
pedantic advisers need to be with record keeping, and what the Financial
Markets Authority is doing to educate consumers. |
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In other news - Court rejects first AFA authorisation appeal
High court rejects first appeal on AFA authorisation decision. Shadow
shop - only 3% of plans "good quality". Fund manager of the year
finalists announced. |
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Three factors to motivate your team
Struggling with a staff member? According to a recent book, once people
feel that they're fairly paid, more money won't increase their
motivation or performance - but three other factors definitely will... |
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The biggest myth about China's economy
The biggest myth that investors believe about China is that its economy
is primarily driven by exports. Two charts debunk this misconception... |
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Investing in population growth
Possibly the single most important factor that is shaping the global
economy of the future is the changing nature of demographics. The good
news is that these demographic themes are investable now... |
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Advisers adapt to regulatory reality
Regulation has forever changed the way advisers and their businesses
operate - but has it changed the marketplace for advice? In the first of
this two-part feature, financialalert spoke with several practices about
how they've adapted to the new reality, what effects regulation has had
on their bottom line, and where clients are coming from these days... |
