Advice 2025: Financial advice, key insights & themes

National Conference 2021

The financial services industry is undergoing secular rather than cyclical change. Arguably the impact of this change has been felt more by the advice sector than any other participants. In this session we will try to take some lessons from the past, consider local and overseas trends and form a view of the leading practice of the future.

Our retrospective will include the learnings from Deloitte’s extensive remediation experience. We will also consider the potential availability of services to different customer segments.

We will assess the capabilities of modern practices and identify what is likely to be critical to a successful business. This will include consideration of what should be expected of business providers such as product providers.

At the end of the session, you will be able to:

  • Provide an understanding of the breadth of factors that will influence future advice models;
  • Deliver an overview of lessons from analysis of remediation;
  • Outline how the advice market will map to potential customers, and;
  • Describe what capabilities will be important to practices in the future and how these can be supported by external partners.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association