January 2020 Client Journal

January 2020 Client Journal

Welcome to 2020! Last year was very significant for suitability in financial advice with new rules passed in Canada, the United Kingdom and Australia – we wrap up all of those changes for you this month. And a warning about the potential perils that await investors seeking better-than-market returns as we contemplate yet another low-yield year!

Global Financial Advice is Becoming More Suitable

Suitability standards continue to spread around the world with Canada enacting its ‘Client focused reforms’, the UK beginning its executive accountability regime and Australia passing suitability-based product governance rules.

Read more here.

The High Risks in Low Returns

As we continue to live with record-low interest rates around the world the temptation increases to seek an above-market return. But, as a recent blow-up in the United Kingdom shows, chasing that extra return can expose investors to the risks of a funds freeze or loss of capital.

Read more here

Mapping to 7IM Pathway Model Portfolios

The 7IM Pathway Model Portfolios are now mapped to FinaMetrica risk tolerance scores alongside 7IM’s existing range.

Read more here

January Training Sessions

SuitabilityPro Training Sessions are hosted every Tuesday and Friday from 1pm EST

  • Profiler: Getting Started! – Every Tuesday at 1pm EST
  • ProPlanner: Getting Started! – Every Thursday at 1pm EST

Register Here

I have been using FinaMetrica for over 17 years for onboarding new clients. They like the extensive value of the reports; but what we appreciate is the innovations in technology, the value of the client-facing materials and the development of the life-long client relationships as I get to really know their behavioral tendencies. FinaMetrica has assisted me in building a very successful practice and we highly recommend it for any advisor who wants to enhance the overall value of their client relationships.

Ron Wilkinson - Portland, Oregon, USA
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