The majority of HNW clients believe the “core value” of advice lies in developing a personalized, goals-driven financial plan, not in investment management
Advisors need to figure out how to adapt, embrace technology and build a truly distinguishing profession that delivers a value proposition
The value advisors provide to plan members will increase as advisors continue to embrace more flexible ways of communicating their advice, new GWL report finds
Several of the big banks are leaping headlong into the new computing frontier that is artificial intelligence, looking for customer preferences, streamlined operations and lower cost. The shift should enhance, not threaten, the role of advisors
As robo-advisors become more popular, a new model - in which human advisors interact with clients while the digital platform manages asset allocation - is emerging in the U.S. and Canada
More than three quarters of retired Canadians who have had a financial planner for at least a decade are happy with the level of funding they have for their twilight years
In addition, investor literacy remains relatively low as 56% failed a 10-question quiz and only 10% answered at least eight of 10 correctly
Technology could be used to prospect for clients and provide basic advice while advisors could step in and provide a greater holistic picture to clients
Bhupinder Anand, managing director, Anand Associates, discusses his perspective on the aftermath of the U.K.’s 2013 Retail Distribution Review, which caused an exodus of investment advisors and reduced access to financial advice for low and middle-income investors. He spoke at the Advocis Regulatory Affairs Symposium in Toronto.
But while some may benefit from professional financial guidance, 26% are unsure of where to turn to get professional financial advice