Putting family first

Outsider

26 November 2021
| By Outsider |
image
image
expand image

Being close to retirement, Outsider and Mrs O have been keeping their eyes on decumulation products and window shopping their options.

During an investor lunch with one such company, an account manager pointed to her mother’s attendance in the audience. Later in the event, a portfolio manager also made such a reference to his mother, lamenting the fact she could not be attending in person but was watching via the internet.

While Outsider was a bit confused by the relevance of these references, he noticed that Mrs O was clearly quite impressed by the shout-outs and took a quick liking to them.

Having looked around the room and being quickly reminded of the demographic in attendance, Outsider realised it was no coincidence both had made note of their special attendees… he was very much surrounded by his peers who all most likely had children the same age as the presenters.

Now perhaps Outsider is being unfairly cynical and maybe they were not being used as sales props, but I’m sure they have plenty of time to meet with, what I would call, their VIP clients.

Outsider was disappointed his own children could not be in attendance, perhaps it was a nice reminder to them that they are more than welcome to call once a week.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 5 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

6 days 11 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 4 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 6 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

5 days 9 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

4 days 12 hours ago