Advisers could be entering ‘golden age’, says Neilson
It's an optimistic time for advisers, with clients needing "a steady hand behind them" amid market volatility, according to Platinum Asset Management chief executive Kerr Neilson.
Speaking at Platinum's Annual Adviser Presentation in Sydney yesterday, Mr Neilson said there is increasing professionalism in the financial planning industry – in particular with the ongoing education reforms.
"We do think it could be a golden age for advisers because, with current market volatility, clients will need a steady hand behind them," he said.
"We're very optimistic and indeed see it as a fantastic opportunity for advisers."
Platinum chief information officer Andrew Clifford said the fund manager is supportive of the proposed changes to education standards.
"I think it's very unfortunate that the industry continues to get tarred with the results of what some of the banks have done with their groups in the past," Mr Clifford said.
"We just think it's a critical part of modern life that people have access to good and high-quality advice in dealing with their finances."
Mr Clifford also mentioned Platinum's contributions in supporting education in financial planning.
"The Neilson Foundation has put money into scholarships for financial planning students at university," he said.
"That's one contribution that we've tried to make."
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