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.
