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
ASIC data shows the number of smaller AFSLs with less than $50 million in revenue has increased by 25 per cent in the past year, but the regulator believes they are still under reporting breaches.
Former financial adviser and Coalition backbencher Bert van Manen has introduced a bill in Parliament, building on Michelle Levy’s good advice duty and calling for SOAs to be scrapped.
Following its recent partnership with Otivo, Colonial First State has now announced an arrangement with Viridian Advisory to offer unadvised members with one-off, topic-based financial advice.
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.
