Having adviser subscribers in many countries probably gives us a unique comparative perspective on the major trends in the regulation of advice. Paul Resnik has just returned from a long stint in the UK. You can read a summary of what he found. Geoff Davey has taken up blogging. His first two blogs are likely to generate some great arguments. There is a great piece reviewing how psychology is being used in the advice process. Plenty of meaty reading in this month's missive.

 FinaMetrica Risk Profiling
Emerging Trends

Ten Emerging Trends in the UK's Financial Services Market

FinaMetrica cofounder, Paul Resnik, is just back from a seven week trip to the United Kingdom. Paul spoke with several hundred industry participants in 12 cities. Almost all product and service suppliers are currently engaged in reframing their business proposition to take account of the impending regulatory changes or building to take advantage of the opportunities created by the failure of competitors.

High-end IFAs in particular are significantly more optimistic about the future than most others. Many are further advanced on the journey to acceptable practice and some moving towards best practice. Most felt that the banks and life companies were at a disadvantage in terms of both momentum and public trust more...
Blogs

Geoff Davey's AdvisorOne Blog

FinaMetrica cofounder Geoff Davey has begun blogging for AdviserOne, see Chicken or Egg? and Is Risk Bad?, and has been profiled in Financial Planning magazine.
Behvioural Finance

Behavioural Finance in Action - Psychology in the Financial Advisor/Client Relationship

Daniel Kahneman uses the framework of "two minds" to describe the way people make decisions. Each of us behave as if we have an "intuitive" mind, which forms rapid judgments with great ease and with no conscious input. We also have a "reflective mind," which is slow, analytical and requires conscious effort. Financial advisors engage this mind when they sit down with clients and calculate a retirement framework based on their risk profile, current circumstances and future goals. Most decisions that people make are products of the intuitive mind, and they are usually accepted as valid by the reflective mind more ...

For some great information and free reports, visit us at www.riskprofiling.com.

 

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