The financial services education group said successful advice firms depend on two key factors. The first is innovation by adopting and applying new technologies, processes and management/HR practices.
The second factor, according to Mentor Education, is structural adjustment, whereby practice operational resources are shifted to the most productive sectors of the business in order to ensure exceptional client experiences are delivered with each client interaction without fail.
As a result, Mentor Education said there is a focus on productivity improvement and it is the key driver of advisory practice principals undertaking these study programs to improve their entrepreneurial proficiency and management skills.
“Irrespective of FASEA’s announcement of the final makeup of the academic and ongoing professional development regime, there is little argument that advice practices will need to be far more client centric and efficient in order to thrive in the new environment,” said Mentor Education managing director Mark Sinclair.
“Rather than expending energy resisting the forces of change that have engulfed the advice sector, there is a very solid and growing core of planners focused on preparing their practices for the future.”
we need terry back. terry matey, come back. we need your life’s lessons
Here’s what we think – a few ideas on how Advisers can benefit from FASEA – http://www.recruit2advice.com.au/news-articles/how-to-benefit-from-fasea
Why do they keep trying to advertise themselves when they don’t even currently offer a course at a level to satisfy FASEA’s requirements?
I dont think anyone does, yet. Mark suggested to me to hold off on any courses until there is certainty… The rest is just what we do… look after clients. This is nothing new and waste of words.
Client centricity is a fundamental and a non-negotiable requirement no matter what other changes the industry experiences
Thanks Mark Sinclair from Mentor for your self gratifying wisdom.