Cerulli Associates

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.

The first thing advisers need to remember, Cerulli notes, is that almost half the intergenerational transfer won’t event be intergenerational, it will be horizontal or intra-generational because it will be passed on to spouses.

Asset managers have quickly ascertained the region’s growing appetite for alternative investments will not abate any time soon, but liquidity and gate provisions will need to improve.

The US advice system is the largest in the world, and the trend towards more comprehensive advice provision is a significant harbinger of a global shift towards full-service, holistic wealth.

The shift in focus from financial advisers to research consultants continues apace, both here and abroad, as asset managers follow the great money management migration.

Brokerage platforms are understandably wary of nudging clients away from their products, but if they want to be full service providers they need to entertain the idea of linking investors to advisers, according to a new US report.

The barriers to enter the advice profession differ significantly between the two nations, as do the regulatory parameters. Despite the differences, the US and Australian advice industries have a big problem in common.