Macro To Micro February 2019
Greeting You In My Grandmother’s Tongue
GLOBAL PRESENCE, LOCA CAL FOCUS ABOUT US CoreData Research is a global specialist financial services research and strategy consultancy, founded in 2002 and headquartered in Australia, with operations in Sydney, Perth, London, Boston and Manila. It provides clients with bespoke and syndicated research services through a variety of data collection strategies and methodologies, along with consulting and research, database hosting and outsourcing services. CoreData provides both business-to-business and business to- consumer research, while the group’s offering includes market intelligence, guidance on strategic positioning, methods for developing new business, advice on operational marketing and other consulting services. 32
THE COREDATA GROUP TH “ In God We Trust – Everyone Else Brings Data ” 33
The Global View Unsafe at Any Speed
35 One Chart To Rule Them All Insert Slide of Milton Friedman And Simon Kuzenets
36 From Chicago With Love
37 Choose Your Deflation
The Law Of Unintended Consequences
My Favourite Accident Of History
Alm lmost Exactly ly A Year Ago 40
Let’s Start With Trust 29.2% 55.2% 29.3% * New option Q1 2019 28.7% Government Accounting*** ** New option Q4 2018 34.8% *** New option Q2 2019 41.7% 40.6% 27.8% 53.7% 27.7% 57.2% 34.3% Real estate Royal Commission* 33.1% 35.3% 40.6% 27.4% 51.7% 23.5% 49.4% 30.0% 53.7% Life insurance Superannuation 24.7% 55.4% 39.5% 72.0% 42.4% 75.2% 24.3% 39.9% 22.7% 36.6% 26.1% 41.2% Print media Financial advice 27.9% 35.2% 27.3% 58.9% 29.9% 60.1% 20.5% 38.7% 15.6% 28.3% Q2 2019 24.6% 36.0% TV media Banking 18.1% 37.3% Q1 2019 19.6% 49.0% 23.4% 60.8% Q4 2018 12.0% 30.9% Q3 2018 29.1% 29.7% Social media*** Mortgage broking ** Q2 2018 Q1 2018 41 % Trust (6-10)
Th The Unin intended Co Consequences 1000 900 Capital Risk In Dispute 800 700 600 500 400 300 200 100 0 Number of advisers per licensee
If You Think That’s Not Material To Fund Flow Fund Flow from financial planners now exceeds $ 2 billion a month… The number one place we are losing members to is Aussie Super 43
Where’s The Risk?
Where’s The Risk? Risk Owner
Where’s The Risk? Risk Owner Risk Owner
Where’s The Risk? Risk Owner Risk Owner Risk Owner?
The Unpalatable Unspoken Truth Of Advice.
The Brutal Honesty Of What Advice Does “The best day of the past 10 years was seeing Michael, that meant that Katherine had someone to talk to other than me about our money, gave us a very clear and easy way to map the next 10 years..”
The Brutal Honesty Of The New World “He’s just called and told me I’m not paying a retainer anymore. And that I’m only speaking to him once a year.. What happens when I die? Who does Katherine speak to? How does she take control? She doesn’t understand how everything’s put together.. The way it was it was like a Gym membership – I didn’t have to use it.. But I could whenever I wanted to”
Four Years Of Pain In The UK
The Hidden Case For Growth
Who Owns The Risk?
54 What We Can Prove About Advice What benefit do ordinary Australians see from the provision of financial advice? Confidence around Confidence in financial decision making budgeting and spending decisions Add dding tangible va valu lue to o Peace of mind assets in retir asse retirement Report higher levels of Benefit from advisers happiness “Alpha”
55 Change Is Hard
Recommend
More recommend
