We are in a phase of huge disruption in the financial planning profession.
There are more non traditional competitors. Accountants are now adding financial planning to their services and mortgage brokers are selling insurance.
With the scandals in the press in the recent past, government is saying this can’t continue to happen with legislative change. This profession is no longer about how much product you can sell or the commission you can take.
Plus there is a generational shift were more and more young people are choosing financial planning as an alternative to a career in accounting or law.
With this flux there’s opportunity!
Good people, processes, ethics and integrity will naturally shine and come out on top.
If you are clear about your value and how you will make a change to people’s lives you will do really well.