We believe that the existing remuneration model that governs our industry is outdated. It’s all about chasing assets under management and then charging a ‘fee’ tied to the value of those assets, which has no direct correlation to the quality of advice or level of service provided. That also means quality and specialised advice is only accessible to a few.
This form of remuneration also creates inherent conflicts of interest because unless there is a sale of a financial product or investment that can incur a ‘fee’ or commission, it typically won’t be discussed, assessed, or recommended. We want to discuss your entire balance sheet and how that serves you, not just the areas we can make money from.