The pandemic and lockdowns have increased collaboration between advisers and clients, including the demand for financial advice.
Australian investors who bet on the US tech mega-caps to outperform through the COVID-19 pandemic have been handsomely rewarded. However, the way forward is less certain.
Comprehensive analysis of the 2020/2021 budget
Access to their super has assisted many Australians during the COVID-19 pandemic. But these savings will also need to underpin the recovery as we navigate out of economic crisis.
Australia’s annual population growth rate eased from 1.45 to 1.41 per cent – the slowest pace in 8½ years.
Investors would have thought that the US election would be the biggest market-moving event.
COVID-19 has accelerated a generational shift to digital offerings and this – along with the cost of financial advice – represents the biggest challenge to winning over savvy consumers.
The unemployment rate fell from a 22-year high of 7.5 per cent to 6.8 per cent in August. It was the biggest monthly fall in the jobless rate in 32 years.
Researchers have found that the proportion of SMEs with significant revenue declines from COVID-19 has reduced from 57 % in July to 45% in late August.
Resilience training is set to become a key part of professional development, equipping advisers with the ability to learn new skills quickly and own their careers.
Weekly Petrol Prices; Business Indicators; Credit; Inflation gauge; China data
Determining a client’s risk tolerance is a crucial part of generating a risk profile. But this must be balanced against an acceptable level of risk for a return on their investments.
By 2030 the majority of financial advisers will offer goal-based advice spanning investment, protection, education, retirement and broader wellness, according to an influential report
Retail trade; Purchasing manager indexes
The COVID-19 pandemic has Australians experiencing a heightened awareness of their health and well-being. This makes it a good time to reassess their insurance needs.
As Australian companies shift their view of work from home as a stop-gap to something more permanent, one expert explains why trust and communication are the key ingredients.
Manufacturing; Home prices
Portfolio review and asset allocation are critical during heightened market volatility. And there are lessons to be learnt from how fund managers handle similar challenges.
Purchasing managers indexes; Preliminary trade
Comprehensive analysis of the 2019/20 financial year
ASIC wants financial advisers to meet both the challenges of COVID-19 and the needs of their clients. Here’s what the regulator is focusing on.
Reserve Bank Board minutes; Speech by Reserve Bank Governor
Weekly Petrol Prices; Tourism; Credit/debit cards; Home sales; COVID-19 survey
New entrants to the financial advice industry will have their first 12 months mapped out by FASEA rules designed to ensure relevant skills are learned under close supervision.
Lending; Chinese inflation
Supporting clients in the face of the COVID-19 pandemic is no easy task. But supporting them properly can mean addressing both emotional and financial stress.
Consumer confidence; Card Spending; Services gauge
During times of crisis, it is important for financial advisers to be a voice of reason. As one expert notes, it is sometimes hardest getting clients to do nothing.
Retail trade; Car Sales; Purchasing manager surveys
Times of volatility may call for revised trading strategies. This piece looks at areas where advisers can improve, especially when placing large trades in the marketplace.
Consumer confidence; Card Spending; Weekly payrolls; Private Sector Credit
Business owners should have a succession strategy in place but effective transitions for advice practice principals are being complicated by several factors including COVID-19.
Consumer confidence; Credit Card Spending; Purchasing managers survey
Employment & unemployment across all states
The COVID-19 business disruption has led to uncertainty around exam scheduling and CPD targets. We look at these educational issues and how to make the best of this difficult time.
Tourism, Chinese economic data, Weekly Petrol Prices and COVID-19 survey
Working openly with others in a sharing culture to achieve better outcomes for the business has never been easier. Here are six actions to unlock the power of collaboration.
Business confidence, business conditions and job advertisements.
CommSec Senior Economist Ryan Felsman considers how the recovery from COVID-19 will play out and picks the sectors most likely to thrive and flounder.
Economic trends: stimulus and support measures, JobKeeper and the re-booting of Australia
Unemployment rates, JobSeeker, JobKeeper and more.
Financial advisers working remotely for long periods will need to be informed, prepared and resilient. An expert offers advice on dealing with this unprecedented disruption.
Unemployment rates and the reboot strategy
In periods of market volatility it is vital that advisers keep clients focused on their plan. It is also a chance to reinforce why financial advice is integral to meeting long-term goals.
Weekly Petrol Prices; COVID-19 survey
A great company culture can produce both an engaged workforce and a healthy bottom line. But everyone from the office assistant to the managing director needs to be involved.
The sharing economy will continue to disrupt established businesses but CommSec Chief Equities Economist Craig James warns that incumbents are increasingly finding ways to fight back.
Adelaide, Brisbane and Sydney petrol prices lift
An expert analyses the three key trends he says will drive the evolution of cybersecurity in Australian financial services over the next 12 months.
Building Approvals; Job ads; Inflation gauge
Video can be a used as a powerful tool when face to face meetings are no longer an option. They can be used to introduce the adviser to new audiences, and to explain complicated concepts to their clients.
Monthly budget statement
The proliferation of social media platforms means there are more options than you likely have time. Here’s how to determine where to best focus your efforts.
Home prices; Producer prices; Manufacturing; COVID-19 impact on households
The second in a two-part series to help advisers start a podcast, in this episode we explore how to come up with great content.
Consumer price index; inflation, underlying measures and main changes.
Do you really need an advertising budget or can you use social media to grow your digital brand and your business?
Retail trade; Skilled job vacancies; New home sales
The first in a two-part series to help advisers start a podcast, in this episode we explore the technical aspect.
This extract from the Economic Insights reports covers consumer confidence, household spending, RBA board minutes & payrolls.
76% of workers struggle with their well-being. Knowing how to take care of your health will not just benefit you, but your company too.
It’s not easy keeping up with all the economic support spending unveiled by Australian governments in response to COVID-19. Here we attempt to document the spending.
Understanding how to attract clients through video will help your business bloom
Weekly Petrol Prices; NAB Survey; Credit/debit cards
Remaining focussed on the financial fallout is the best way to walk the fine line between adviser and mentor.
The Reserve Bank acknowledges the challenges posed by COVID-19 but indicates households, businesses and the financial system entered the crisis in good shape.
Five ways financial advisers can improve their email marketing strategy.
The Reserve Bank has maintained its targets for the cash rate and 3-year government bond yield at 0.25 per cent (quarter of a per cent or 25 basis points).
No matter how skilled you are, when not everything is in your control, things can sometimes go wrong. Here’s how to work through these roadblocks.
Sharemarket update: Australian share market and long-term performance.
Three ways to make flexible working arrangements realistic for financial advice practices.
With the benefits of knowledge sharing in the workplace well-documented and collaboration tools now quite sophisticated, is it time to review your practices?
Building Approvals; Reserve Bank Board minutes
Clients are listening differently in 2018. One financial adviser now gets 70% of their business from Facebook. Another coordinates a whole team across LinkedIn.
Economic and financial issues: Will the economy go ino recession? When will the sharemarket volatility stop? What will happen to property prices?
While you may already have a LinkedIn profile, are you truly getting the most out of it?
In the first of a series of social media ‘how-to’ articles, we discuss how to use LinkedIn to promote your practice, and engage with potential and current clients.
Economic backdrop: Market volatility at record highs; what should investors look at in a volatile market; and keeping an eye on your portfolio