Veteran adviser and former AFA president Joe Nowak has encouraged young advisers to join the Million Dollar Round Table (MDRT), saying it lifts thinking and grows expertise.
Speaking exclusively to ifa, Mr Nowak reflects on his time as an MDRT member after becoming a Qualifying and Life Member this year following 40 years of membership.
"The roundtable concept provides tools and advice to help you achieve a balance in your personal and professional life," he said.
"We were limited in Australia, so I wanted to see what was happening outside.
"It made me grow at 30 and here I am at 71."
Mr Nowak mentioned attending the MDRT Annual Meeting in Toronto in 2014, saying that the ethical tenets of financial advice haven't changed despite changes in technology, and got a real buzz out of the younger advisers present at the meeting.
As for younger advisers wanting to join the MDRT, Mr Nowak encouraged them to become more involved in their local communities.
"You don’t grow by sitting in the office," he said.
"Become involved in the community, whether it is through sport or your local P&F group. You've got to do that, because if you're hollow then nothing happens to you."
FASEA has come under scrutiny from a parliamentary committee for its treatment o...
ASIC must overhaul the way it engages with advisers to focus on proactive educat...
ASIC needs to work harder and more efficiently if it wants to reduce fees and im...