Role remains for asset consultants: Trafford-Walker
Forecasts predicting the demise of asset consultants in recent years are wide of the mark, a leading investment consultant says.
Speaking after Frontier Advisory was recognises as the leading innovator amongst investment consultants globally, for its Partner Platform, at the CIO Industry Innovation Awards in New York, Frontier's director of consulting, Fiona Trafford-Walker, said consumers backed the need for asset consultants, despite reports of their demise.
"In the last five or so years, people have forecast the demise of asset consultants, but talking to other consultants and investors from around the world the need for, and role of, consultants is as strong as ever," she said.
"That role just needs to evolve with the market… Consulting has always been about the calibre of people and the integrity and rigour of your processes.
"But now it's also about providing access to your thinking, collaborating on ideas with your clients, and providing sophisticated but simple to use technology."
AUTHOR
Nicholas O'Donoghue
Recommended for you
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
