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.