When the disruptors are getting disruptedBY MICHELLE BALTAZAR | MONDAY, 9 JAN 2017 4:42PM 2017 is going to be another year for the disruptors, including managed accounts providers - but their challengers, too, are not too far behind. For the past decade, a group of ... Upgrade your subscription to access this article
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MICHAEL TOWNSEND
PARTNER & PRIVATE WEALTH ADVISER
TOWNSEND COBAIN PTY LTD
PARTNER & PRIVATE WEALTH ADVISER
TOWNSEND COBAIN PTY LTD
Tim Townsend is a people person at heart, and using managed accounts he has more time to do what he loves most - engaging with clients. But that doesn't mean just any solution will do. Eliza Bavin writes.
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Michelle, very much agree with much of what you have written here, and we continue this theme with the growth of technologies and techniques to augment advisers to provide client centric solutions yet with 'robotic' levels of automation and response. Like in the US, we see in Australia the growth of the adviser as portfolio manager is well upon us and further our themes of technologies in this space. This brings key benefits of improving adviser service levels, reducing licensee risk, but also negate the layers of costs in a lot of current propositions. Exciting year ahead.
Thanks for your comment Stuart. I think reducing licensee risk is going to be one of the big drivers for the industry this year and beyond.