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Outsourcing for Resilience: Navigating Market Shifts

The article explores how outsourcing can help financial advisory firms stay resilient amid market disruptions, like the rise of generative AI. It highlights cost advantages, improved scalability, and increased productivity through outsourcing to global teams. Examples of firms like Invest Blue show the tangible benefits of strategic outsourcing and process improvement

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How VBP Financial Planning Assistants Simplify Fee Changes

The Treasury Laws Amendment Act 2024 introduces key changes to Ongoing Fee Arrangements, simplifying consent requirements and improving transparency. With updates to client renewal timelines, fee disclosures, and consent processes, advisers must adapt quickly. Your VBP FPA can help navigate these changes, ensuring compliance and optimising client service.

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SOA Implementation Made Easy: Best Practices to Boost Efficiency with Your VBP Team

Implementing Statements of Advice (SOAs) efficiently is crucial for financial services firms, yet managing compliance and administrative tasks can be challenging. By leveraging structured workflows and VBP team support, advisers can streamline processes, reduce errors, and enhance client service. In this article, Rosa Raschella shares best practices for maximising SOA implementation efficiency.

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Solving Recruitment Challenges in Australian Accounting with Offshoring and AI

Australia's accounting firms are grappling with a severe skills shortage, impacting client deadlines and growth. Daniel Harrison explores key challenges—including lack of interest in public practice and shortfalls in skilled migration—and provides strategic solutions like offshoring and AI integration to help firms overcome these issues and thrive in an increasingly competitive market.

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Boosting Productivity and Cutting Costs: Discover the Power of Offshoring for Your Business

Discover how offshoring can revolutionise your business by boosting productivity and cutting costs. Learn the differences between offshoring and outsourcing, and find out why combining these strategies can save you money and enhance scalability. Ready to take the next step? Find out more and start your journey towards growth.

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The Foundations of a Resilient Advice Business

In Australia's evolving financial advice landscape, resilience is paramount. Elixir Consulting, powered by VBP champions this ethos. Their handbook equips firms with strategic insights for enduring growth. Strategic planning, vital for defining purpose and vision, lies at the heart of resilient businesses. Through integration and execution, firms forge a path towards sustained success amidst industry upheaval.

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An Elegant Way to Receive More Qualified, Warm Referrals

In the dynamic world of financial advice, some advisers have lots of clients, while others seek growth opportunities. Yet, growth should not come at any cost. Selective client partnerships foster resilient businesses. Amidst various strategies, qualified referrals reign supreme. Acknowledge referrers, articulate your ideal client, and don't shy away from asking. Embrace authenticity in your approach to attract meaningful connections.

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The Evolving Landscape of Advice Documents: How Australian Financial Advisors Are Adapting

In the dynamic landscape of Australia's financial advisory sector, Michelle Levy's call to replace Statements of Advice (SOAs) with "Fit-For-Purpose" documentation marks a significant turning point. Advisors are proactively responding to this shift, aiming to streamline documents while preserving the integrity of their analysis. Striking a balance between efficiency and transparency highlights the indispensable role of paraplanners in navigating regulatory changes and ensuring clients receive clear and trustworthy advice.

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The Ultimate Roadmap to Success: Essential Steps for Advancing in Advice

For over 16 years, we've coached advice firms, witnessing significant evolution in business strategies. Yet one aspect remains pivotal: intention and attention. Intention involves clarity on vision, values, and strategic planning, while attention requires regular review and focus on business goals. Many firms overlook this, but it's essential for future success in the advice profession.

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