In the wild old west, it was the banks that got robbed, not the other way around.
But a couple of years ago, a new Sheriff came to town. His name was Hayne, and he came to clean up the game. He sharpened the blade and went on a crusade! Hayne rounded up the bad guys. The Sheriff discovered that some of the Big Banks and Financial Institutions were rotten to the core. They had been making money left, right and mostly up the centre! And there always seemed to be plenty of money left for them, whether an investment when up or down.
As for the Financial Planners; now, their license fees are up, their learning requirements are up, their compliance reporting is up. Their admin hours are up and for some, their blood pressure is up too! As a result, some of these planners got a bit down!
Some checked out; some became coaches; some became employees, and some retired. The ones that stayed and toughed it out are coming together next week to be part of my audience at the FPA Professionals Congress in Melbourne, where I will be facilitating some fun learning around strategy, ethics and how to “Create a Values-Based Firm”.
I am looking forward to meeting these legends!
@AustraliaFPA #business  #Financial #Planning #Association