With the rise of the independent financial adviser, a new financial advice model takes hold—one that puts the client at the centre and changes the way advisers charge for services.
Regulatory rules obligate regulated investment advisers to act in the best interests of their clients, which sets a higher standard for serving them.
Over time, investment advice advances beyond individual security selection to encompass a broader scope of services, from asset allocation to wealth management. Advisers focus on understanding each client’s personal circumstances and objectives.
To help clients manage multiple aspects of wealth, advisers take a central role in coordinating the services of accountants, lawyers, investment managers, insurance providers, and other third-party professionals.
Advisers apply new methods to identify a client’s financial objectives, attitude toward risk, return expectations, and financial traits. The insight informs more advanced financial planning and investment approaches.
With advanced research and robust analytics tools, advisers offer clients a more sophisticated view of the range of possible outcomes associated with different investment and personal budgeting strategies.
Strategies based on financial science offer building blocks to help advisers design customised portfolios that systematically pursue capital market returns.
Access to global information networks expands an adviser's influence as publisher, educator, thought leader, and coach. Serving in these multiple roles helps to create more informed, disciplined investors.
These communities offer investment education, quantitative tools, and professional networking opportunities to help advisers build and manage their practices while elevating the client experience.
Advisers recognise the importance of planning for business and leadership succession, which can help provide continuity of services and support for both current and future clients.