The cost of transition

While firms are focusing on improving their operational capability and leveraging good technology to make their practice more efficient, this ambition needs to be tempered by an awareness that those same opportunities create openings for different risk sets.

By dint of the fact that they have longer life-spans, women are set to receive the vast majority of spousal inheritances in the next quarter century or so. For advisers, that shift has important implications.

The US and Australian advice systems may not be completely analogous, but ETF usage is surging across both markets and the need for more resources is becoming stark according to researchers.