By Simon Bottle, May 23 2014 10:58AM
"Future proofing is the process of anticipating the future and developing methods of minimizing the effects of shocks and stresses of events to come." Future proofing is ensuring your IFA business model anticipates the future to thrive when others falter so you can increase market share and revenue.
You need best in class investment solutions for your clients, a sustainable and scalable revenue model for your business, but also critically tools and assistance to mitigate the escalating regulatory risks you face. If you are constantly excelling in these areas your business is 'future proofed'
We aim to forge a deep long term focused relationship to help you build your advisory business. Alpha Diversify adds consulting value with a deep understanding of your challenges laser focused on future proofing.
“Success does not consist in never making mistakes but in never making the same one a second time” - George Bernard Shaw
We will be monitoring and analysing the biggest approaching changes from the perspective of the international IFA to provide you with invaluable intelligence so that your business remains positoned to thrive.
There's no avoiding the fact that regulation will be a major focus. The regulatory avalanche is gathering size and speed as it bears down on IFA firms. The global impact could be on a par to RDR in the UK as firms begin to recognise the fundamental changes that an ‘independent’ brokerage will need to comply with that for example could completely change your existing revenue generation model.
Let's face it - regulation as about as fun as working out how to lick your own elbow and a lot of it is as about as much use as mudflaps on a tortoise. But however dull it may be, if you do not have your regulatory house in order as an international IFA, you could be facing an existential threat to your business before you can say "I laugh in the face of the Markets in Financial Instruments Directives II and I give an olympic size wedgie to the Insurance Mediation Directive II".
So resist the urge to shove two pencils up your nose, put a pair of underpants on your head and repeat "Wibble" until you are committed to the funny farm in attempt to avoid these areas entirely. We've got your back.