The last few years have created a disruption, but with disruption comes opportunity. One of the biggest opportunities in 2022 will come from the convergence of two very significant socio-economic changes in Australia…. the ageing population and the largest transfer of wealth in history. It’s clear that expert aged care and estate planning advice has never been more crucial, and demand can no longer be ignored.
Financial planning clients are increasingly seeking advice as Baby Boomers start to move into their frailty years.
The Best Interest Duty and Standard 6 of the FASEA Code of Ethics requires that “you act in a client’s best interests if what you do—the advice you give, the products and services you recommend—are appropriate to meet the client’s objectives, financial situation and needs, taking into account the client’s broader, long-term interests and likely future circumstances.”
This explicitly requires advisers take into account any near future need for aged care and estate planning of a client. Thank goodness we have two brilliant Provider Members in Aged Care Steps and the legal hub who have outstanding solutions for advice firms to deliver on these obligations very effectively. You don’t have to reinvent the wheel here!
Join Sue Viskovic, Assyat David and Brant Dillon on this free webinar to explore this important subject:
- Why consider aged care and estate planning - the business considerations
- Rethinking retirement planning to consider the frailty years
- How to start the aged care and estate planning conversation with clients and create business opportunities
- Assess the different advice models to incorporate a practical framework to aged care and estate planning services
Our Evolve Live webinars are usually only available live to non-members of the Evolve Alliance, but as this is such a critically important session, we’ll make the recording available to all registrants of this session.