Russell Investments launches new website for advisers
Russell Investments has launched a new website, Helping Advisers, which aims to provide practice management support for planners as they adapt to the proposed regulatory reforms.
The website will target three key areas – economic and market information, investment and portfolio strategies, as well as business management tips, according to John Nolan, Russell’s practice development manager, intermediaries.
“Feedback we received from over 250 advisers in a recent survey said they weren’t looking for support in product related areas, but they did want information on the economy and markets, investment strategies, and advice on how they could make their practices more efficient and profitable,” Nolan said.
The new website comes two months after the launch of Russell Practice Management (RPM), a service designed to help Australian planners enhance their advice model. Russell has rolled out RPM in the US, Canada and the UK, where the firm has been operating of the last 10 years.
“Given the critical changes that are taking place in the industry, Australia was the logical next location to offer RPM and Helping Advisers,” Nolan said.
The website has been customised for the Australian market, and planners are encouraged to contribute through the site’s social media links.
The Government’s Future of Financial Advice (FOFA) legislation is the current challenge, Nolan said. However, other issues will soon come into focus, and the site hopes to provide ongoing support to advisers as their needs change over time.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
