Responding to challenges in advice

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Kerry Ong, the general manager of customer wealth at Iress, to discuss improving the efficiency and accessibility of financial advice in Australia. Mr Ong touches on the significant challenges facing the industry, including regulatory changes and cost pressures, which have necessitated doing more with less, as well as how Iress is responding by enhancing its software and services to better align with evolving business models. Listen as they discuss: How the quality of advice review and subsequent legislative changes have underscored the need for more accessible advice. The findings of the Iress 2023 Financial Advice Efficiency Report. Iress' new community platform, Advisely, which aims to foster peer-to-peer discussion and connect advisers with industry experts.