Many financial-planning practice owners are getting on task of readying their business for the new policy environment, instead of worrying over the final shape of the new adviser professional standards, according to a financial-services education group.
“Irrespective of FASEA’s [Financial Advisers Standards and Ethics Authority] 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 Mark Sinclair, Mentor Education managing director. “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.”
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