Financial Advisers Struggle To Survive

October 5, 2009 by Simon

dirty-devil-river-110221-ga There is a new Peak on the horizon yet there is another Valley to traverse which could eliminate one-third of financial advisors in some parts of the world by the end of 2012 and it has nothing to do with the Mayan Calendar. The depth of the Valley does not matter as long as the Vision is clear.

The Valley that I am referring to is this news out of the UK;

Financial advisers struggle to survive - Advisers who take a commission for financial advice face extinction after the Financial Services Authority confirmed in June that the practice will be banned from 2013

There are those that will thrive and there will be those that try to survive. What is it about the human condition that is always posturing itself to survive the next cataclysmic event?

Some say that Canada is just a few years behind on Fee For Service and I believe that five percent of financial advisors have already set the stage for an easy transition.

The reinvention of the financial advisor’s offering would go something like the following.

We specialize in working with clients that have an asset base of $___________ – $___________ that want to grow and protect their assets by working with a team of professionals that provide the following service offering;

Our fee for this service is $_______ per annum payable in advance.

Would you like to know more?