Times like now call for good advice



“Times like these certainly show that good financial advice is worth it,” according to MLC Wealth chief executive, Geoff Lloyd.
At the same time as revealing his firm’s support for the Government’s hardship early access to superannuation scheme, Lloyd pointed to the fact that MLC Wealth had seen a significant lift in the need for information on what was happening in the markets and how people’s superannuation was being positioned.
“Some have wanted to switch to more conservative investments, and some have wanted early access given their hardship cases,” he said. “As always in volatile markets, we’ve also seen investors wanting to invest more as they see value in the current market.”
“Many clients are reaching out to their trusted financial advisers and we are supporting advisers with guidance, processes and communications to help them in this period of intense demand,” Lloyd said. “Times like these certainly show that good financial advice is worth it.”
Lloyd’s comments came as other advisers have canvassed how to assist clients in dealing with issues such as early release super knowing that the clients are already in a hardship position.
Recommended for you
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.