Posts Tagged ‘financial advisers’

Millennials and Investment: the money, the mobile and the new mindset

Worldwide millennials are estimated to be worth over 2 trillion dollars. Secondly, they are entering their prime earning years. And thirdly, they stand to inherit some of the largest investment portfolios ever accumulated by the previous baby boomer generation. However, their attitudes, sentiments, ambitions are different, even disruptive, less trustful and definitely more discerning than their parents.

Also known as Gen Y, they were born after 1980 and reached adulthood at the turn of the century, currently anywhere between 18 to 36 years of age. So what’s so special about them? Well, quite a number of things. When it comes to finance, millennials are not their parents. They think differently and their expectations are entirely different. They’re tech-savvy and independent but also wary of financial markets and complicated jargon. Most importantly, this is the wealthiest young generation in history.

Continue Reading

Financial Advisors: managing compliance

Whether you have just set up your independent practice or have already established a solid track record in the fields of financial and investment management, you will find that your most difficult area of administration will be the compliance obligations and onerous recordkeeping required in today’s current business and regulatory environment.

The pressure to observe all constraints in a timeous, detailed and accurate manner is both time-consuming and tedious. In tandem with this increase in paperwork and application are a number of issues which add to the stress:

  • clients’ expectations have grown as an ever-growing spectrum of investment opportunities become available
  • the investment environment is becoming increasingly complex and therefore more difficult to manage
  • fees and commissions are constantly under pressure.
Continue Reading