The 30th of August saw the release by ASIC of RG255 on digital financial advice. In their media release ASIC says: “ASIC supports the development of a healthy and robust digital advice market. In an environment where only [...]
In previous blogs we have discussed risk and what it really means. To recap, risk is the chance of something going wrong, which is the same as saying the chance of failing to meet our goals. In relation to our [...]
What is risk? Risk is the chance of something going wrong, which in turn is defined by what you are trying to achieve i.e. your goals. If you have no goals, then you have no risk - nothing can go [...]
The current approach to financial advice is to put the client into a category, based on an assessment of their "risk profile". Each category has assigned to it an investment strategy according to level of "risk"; for example a "conservative" [...]