Louise Biti launches Aged Care Steps



Industry stalwart Louise Biti has launched a new business offering aimed at assisting financial advisers deal with providing aged car advice.
The new business, Aged Care Steps, is being marketed as a business specialising in the provision of strategy support and tools to enable professionals (including financial advisers, accountants and lawyers) to build and develop a profitable aged care advice service.
It said the services provided by the company were aimed at enabling professionals "to participate in one of the fastest-growing segments driven by the growing dominance of over 85-year-olds and the heightened implications for the demand for aged care".
According to Biti, aged care is a growing advice opportunity that could help planning businesses to expand as well as assist in building better relationships with clients and other professional networks.
"However before advisers can expand these relationships they need to first overcome a number of hurdles including training, pricing and value propositions.
"Advisers don't feel confident that they know enough about aged care and its complexities to help their clients," she said.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.