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."
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.

