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How are you preparing for the future of advice?

 Financial advice is changing rapidly and there will be more to come in the next three to five years.

With advisers facing major changes in regulation, industry dynamics, education, and how to best service client needs, making time for planning for the future can be challenging for advice practices.

Being armed with the right information and shared insights from other advisers can help. And BT is supporting advisers navigate the changes and develop their businesses by providing insights, networking and professional development opportunities at BTNext.

Knowledge is power

“BTNext is about bringing insights to the fore for advisers to consider as they operate their businesses in the current environment,” BT’s Head of BT Open, Platforms & Investments Phil Butterworth, says.

“To get the right information now is critical to setting yourself and your business up for the next three to five years.

Keynote speaker, behavioural economist and award-winning financial analyst, Morgan Housel, will be sharing ideas on the psychology behind clients’ motivations and behaviours in regards to their wealth. Phil hopes this will help advisers improve client engagement and retention.

 “Understanding your clients and being able to engage the right way, from the tools you use to how you deliver your service, could be quite different three years from today. Phil says.

Advisers attending BTNext will hear insights from the stage and will be able to share their thoughts with each other afterward at a networking event, which was last year attended by over 1,400 industry professionals nationally.

BT is also committed to helping advisers respond and adapt to future changes in the industry.

BT’s new offering, BT Open, brings together platform and adviser services. From October 2018 a new digital hub - BT Open Services - will be available to self-licensed advisers and dealer groups providing industry thought leadership, expertise and support on compliance, business strategy, education, advice tools and research. In a rapidly changing advice landscape, a single destination to access these services, insights and events could prove key to helping advice businesses flourish.

Add to this the new simple and transparent administration fee structure for BT Panorama and Phil believes BT will continue to be the “partner of choice to help advisers grow their businesses sustainably into the future”.

For more information on how you can become business-ready for the next three to five years, register for the BTNext 2018 events that are taking place in Sydney, Melbourne, Brisbane, Adelaide and Perth from 20 – 24 August here.




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"there will be more to come in the next three to five years." and then "there will be more to come in the next three to five years." and then "there will be more to come in the next three to five years." and then SMSFs are smashed into a non-option, first by removing LRBAs then attacking small business exemptions, then "limiting risk" by removing many of the assets you can invest in, including limiting shares to the ASX 200 - gee all of sudden your pushed into managed funds because they are more cost effective and to advise outside this is outside of the client's best interest duty, then mandated income products in pension phase that must invest in government bonds, an in effect appropriation of the entire pension system that will be unable to be unwound. This will fund infrastructure ("pet political projects"/slush funds/split between large corporates and unions) They will only then generously increase the super guarantee percentage which will in actuality be a tax increase because it will ultimately fund increased government bonds therefore increased government spending crowding out private investment and further distorting the market. And of course a certain percentage of bonds bought must be US government bonds. All investments outside super will have no % asset managed fees and compliance obligations will mean the cost invoiced to clients will be out of reach. Therefore non super money will be funnelled into highly centralised control products like ETFs and very large direct to market managed funds run by major internationally owned "institutions" and protected by legislation mandating a "best interest duty" that is axiomatic in only quantitative, i.e. cost, terms not qualitative terms like best fit based on a mutual determined end point by client and adviser. It will look like a huge market with lots of choice, but it will owned/controlled by an oligopoly. Advisers are the target for a very good reason. We are well over 2 TRILLION in super alone now, what games will be afoot when trying to control $5 Trillion. $10 Trillion ....... especially when measured in todays dollars. No its all in the battling "consumer's" best interest.

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