Have you considered offering aged care as an advice area? If not, why not?
NOW is the right time to enter this field. While you can position yourself as a specialist BEFORE every adviser is offering it.
There are increasing beds in homes which means that there is increasing opportunities for advice provision.
I have found this to be such a rewarding area of advice. I have found an absolute passion for this area and feedback proves it to be so valuable to my clients. You can give so much more than financial advice in this area - you can guide your clients through the confusing, emotional transition to care with empathy and support and for this, clients are willing to pay.
I didn’t expect to like the aged care space, and I certainly didn’t expect to LOVE it! But that’s what happened.
You could make a difference, and you certainly would add an additional income stream to your practice, which, with the new world of Opt-outs and reducing insurance commissions, is...