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Days of ‘one-dimenional’ adviser are over: Mentor

The future adviser will require a broader skill set and required to adjust to an evolving client environment, according to Mentor Education.

Mentor founder and managing director Mark Sinclair made the comments as part of his insight into the future of the advice sector beyond 2024, the Hayne royal commission and FASEA.

“The days of the stereotypical adviser being a one-dimensional risk, investment, SMSF or retirement specialist is rapidly disappearing and a broader skill set required to tap into an ever-changing and evolving client environment,” Dr Sinclair said.

“For finance, accounting and broker practitioners, it has meant access to courses in broking, aged care, real estate, accounting, as well as HR, management, leadership, productivity improvement etc.”

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The comments come as it accredits its 500th financial adviser under its study program developed in collaboration with DomaCom specifically for its DomaCom Fund.

DomaCom said it is currently working towards an equity release product aimed at senior Australians.

Days of ‘one-dimenional’ adviser are over: Mentor
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The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

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