Advice Practice Management Series: The advice entrepreneur
Over the last few years, we’ve seen unprecedented change across the financial advice industry. And while licensees are innovating and adapting, we’re also seeing a new breed of advisers who are solving common challenges in new ways.
HUB24, together with XY Adviser, the professional network for financial advisers, presents our Advice Practice Management Series – The advice entrepreneur – which explores how these advisers are innovating within their businesses to make advice more efficient, more client-focused and more accessible.
How advice entrepreneurs are delivering cost-effective advice to more Australians
HUB24 and XY Adviser interviewed a group of advice entrepreneurs to understand how they are adapting their business models and processes to address common advice challenges. This paper explores how they are innovating to make advice more client-focused and more efficient.
Cast study 1: Modular advice
Case study 2: Reimagining advice processes
Case study 3: Segmenting and high-net wealth clients
Case study 4: The power of education and social communities
Podcast series – Delivering cost-effective advice with an entrepreneurial mindset
In this five-part series Fraser Jack from XY Adviser explores how advisers are delivering cost-effective advice with an entrepreneurial mindset and solving some of the industry’s biggest challenges.
Available on Apple, Google, Spotify and YouTube.
Episode #1 – Entrepreneurs and the difference between thriving and surviving
In this episode we start high-level as we discuss the evolving advice landscape, and how the difference between “thriving” or “surviving” is in the mental flexibility to see things with an entrepreneurial mindset.
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Episode #2 – Adele Martin and the entrepreneurial mindset
In this second instalment we take a deep dive into mindset with Adele Martin. Adele created ‘The Money Mentor’, which helps prospective clients prepare themselves for an ongoing advice relationship with a financial adviser.
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Episode #3 – Vince Scully – is it still possible to deliver cost-effective advice?
Over the last few years Vince Scully has built an incredible business delivering cost-effective advice, and is continuing on that journey. In this episode we discuss if it’s still possible to deliver cost-effective advice in the current environment, and how that’s achievable.
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Episode #4 – Nicola Beswick – finding your entrepreneurial mindset in a traditional advice practice
In this episode we hear how Nicola Beswick is finding her way as an entrepreneur within an existing, traditional professional practice. She talks about how not everyone gets to start a business from scratch, but entering a more traditional pathway shouldn’t suppress your entrepreneurial mindset.
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Episode #5 – How principals can lean into to their entrepreneurial self
In this final episode we explore how Greg Newman is working with a number of practices’ principals to help them lean into their entrepreneurial mindset.
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DISCLAIMER – IMPORTANT INFORMATION
This series has been issued jointly by HUB24 Custodial Services Ltd (ABN 94 073 633 664, AFSL 239 122 (HUB24) and XY Adviser Pty Ltd (ACN 45 606 168 781) (XY Adviser) and is current at the date of issue. HUB24 is the operator of HUB24 Invest (an investor directed portfolio service), promoter and service provider of HUB24 Super which is a regulated superannuation fund. The trustee and issuer of interests in HUB24 Super is HTFS Nominees Pty Limited (ABN 78 000 880 553, AFSL 232500, RSE L0003216). XY Adviser operates a professional network for financial advisers.
The information in this document is intended to be general information only and not financial product advice. The views expressed in this document by persons who are not representatives of either HUB24 or XY Adviser are their own, and do not necessarily represent HUB24 of XY Adviser’s views.
Neither HUB24 nor XY Adviser have validated or verified the views expressed in this paper, make any representation as to the completeness or reliability of the material in this series, accept any liability for loss attributable to use of this paper, including liability for any statements which are incorrect or misleading. Readers should not rely on the information in this paper and should undertake their own investigations and use their own commercial judgment. This document must not be copied or reproduced without the prior written consent of HUB24. © HUB24
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