The answer my friend, is blowin' in the wind
Those grand entertainers of the funds management game, Credit Suisse, have taken yet another bizarre turn.
Those grand entertainers of the funds management game, Credit Suisse, have taken yet another bizarre turn.
Those of us sober enough to remember the launch back in March will recall the big Swiss cheese Brian Thomas and cohort Clayton Copplestone warbling such clas-sics New York New York, My Way and Mustang Sally…. all in the name of flog-ging funds to advisers.
Well, that was just the beginning of the slippery slide into silliness for the Credit Suisse adviser shindigs. Thomas kicked off the latest roadshow series to advisers with a multi-media presentation of a women passing wind inside an automobile thus creating something of a Dutch oven effect, much to the bemusement of those in the rear of the said vehicle. Now that’s class.
But it went downhill from there. At the request of Thomas, a hotel ballroom full of grown men and women began sticking their thumbs on their heads, ears and chin as a way of answering some tough questions. These pillars of the financial plan-ning community would subject themselves to the humiliation of infantile behaviour just so they had a chance at grabbing one of the bottles of Grange on offer. It’s amazing how thirsty some advisers are at brekky.
Some of the questiuons posed by quizmaster Thomas include: “Which Spice Girl left — was it Old Spice?”and “Where is the head office of CSAM?”. One of the more intriguing questions posed was “How much business are you going to give Credit Suisse next year?”. Apparently the most popular a,b,c,d answer was d. “why am I still listening to this guy.”
God only knows what we might expect next adviser briefing.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.