Setting a course for the new world of advice

Future of Financial Advice Featured financial advisers

Navigating the ever-changing advice landscape can be a challenge. For many advisers, these changes are providing an opportunity to reflect on their business models and their goals for the future.

There is no one size fits all when it comes to financial advice business models, and the multitude of options, with the many advantages and downsides, can make any decision feel overwhelming.

That is where having a robust decision-making framework can help.

Having an objective framework when making choices about the future of your business can help you hone in on your goals and the steps you need to take to reach them. By using a framework with a straightforward process for identifying your criteria and weighing up your options, you are more likely to avoid bias and emotion, and be sure that that your decisions are based on solid and objective foundations.

Taking a DECIDEtm and DIRECTtm approach

One such framework is the DECIDE™ and DIRECT™ model by the Rekon Group. This framework has been designed to help clarify goals, identify options, and choose the right path for your business. Each step of the process provides a clear link to the next, from identifying options and risks to implementing the decision and beyond.

The DECIDE™ framework take a straightforward and intuitive approach to uncover the insights you need to make an objective decision, based on the information that you have today. Introduced in the new whitepaper, What’s your path? the 6 steps identified in this framework are:

  • Describe the environment
  • Establish intent and objective
  • Create the options
  • Identify opportunities and risks
  • Develop and decide
  • Executive and evaluate
How to get hands-on with the framework

Advisers considering whether to change licensees or to self-license can get hands-on with this framework at a 90-minute workshop on 18 November 2020. If you are interested in attending, click here to register.

Managing Director of the Rekon Group, Peter Winnall, will introduce attendees to this framework and how to use this logical and simple process to successfully cut through the noise and make better quality decisions for you and your business. This session will be followed by breakouts sessions to discuss the pros and cons of joining a licensee or the self-licensing application process.

With the level of uncertainty that continues to impact the financial services industry, advisers require the tools to deal with the options in front of them in the best possible way. Arm yourself with the tools you need to make the right decision for you and your business.