Advisers should be more vulnerable than ever

Vanessa Stoykov,  creator,  No More Practice

As we come into the week of the FPA conference - the biggest event for financial planners for this year, I encourage those of you who are attending to do something very different than what we normally do in our day to day business lives.

Rather than show up, small talk and network, while showing your ‘best’ face to the world, I urge you to show up and be vulnerable. By that I don't mean lay around spilling your deepest darkest thoughts - but rather, to be honest about the impact the Royal Commission, FASEA and the continued media criticism has had on you personally.

I know many of you well, and I have to say I have sympathised many times at the massive upheaval advisers are going through, and the challenges that lie ahead in maintaining a profitable business while up-skilling education levels and adapting to the new legislative environment.

Its not

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lester beling

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The THEME of this conference must be one of reflection of the past bad practice adopted by many advisers, associations & suppliers. Engineer a new start and comply with the Best Interest Rules. The Royal Commission is not going to solve all bad practices. I have a great business by Doing The Right Thing.

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