Role remains for asset consultants: Trafford-Walker


Forecasts predicting the demise of asset consultants in recent years are wide of the mark, a leading investment consultant says.
Speaking after Frontier Advisory was recognises as the leading innovator amongst investment consultants globally, for its Partner Platform, at the CIO Industry Innovation Awards in New York, Frontier's director of consulting, Fiona Trafford-Walker, said consumers backed the need for asset consultants, despite reports of their demise.
"In the last five or so years, people have forecast the demise of asset consultants, but talking to other consultants and investors from around the world the need for, and role of, consultants is as strong as ever," she said.
"That role just needs to evolve with the market… Consulting has always been about the calibre of people and the integrity and rigour of your processes.
"But now it's also about providing access to your thinking, collaborating on ideas with your clients, and providing sophisticated but simple to use technology."
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.