With all transition comes reflection.  It’s particularly noticeable in the conversations I’m having with the Principals.  ‘Life in lockdown’ has seen us reassess priorities, reconsider old ways of doing things, adapt to new ways of running our businesses, supporting our families and connecting with our communities.  The question I have asked all Principals:

In 12 months’ what does success look like for you?

• In what ways will you be thinking differently?
• How will you/your team/your clients feel about the change/new strategy/goal?
• What things will you/your business be doing differently? Alternatively, how will you be doing it?

The responses have similar common themes:

Reassess priorities – the stand out is more time with our families, it seems for most of us lockdown has brought us closer (or perhaps we’ve learnt to become more understanding?)
Reconsider old ways of doing things – global enforced adoption of digital (have you watched the share price of Zoom?), has seen an acceleration of reviewing processes, use of various business apps and in particular outsourcing services
Adapt to new ways of running our businesses – resoundingly…”do I really need an office?” Followed by, “do we really need to send paper (anything!).,
Supporting our families and connecting with our communities – homeschooling, shopping for our parents, virtual celebrations and creative “nights in”.

There’s a shift towards understanding our own mortality and being present in our daily lives. Many times I’ve heard “our clients are thankful they have someone to talk to, that you’ve taken their stress away and importantly, they know someone else is looking out for their financial wellbeing.

I recently read a great report, Life After Lockdown (CLICK HERE) produced by Forethought, a research company who spend time analysing data and providing consumer insights.  This resonated; ‘The Interim Normal.  We are adapting and normalising but we are also changing.’ No wonder we are feeling confused!  However, this is the best part of being a human.  We’re good at being resilient and adapting to our circumstances.  It’s the gift of evolution.

Sincerely,
Annick

 

Sale Update

No changes since yesterday’s update.

 

Madison Investment Market Update

Please see this week’s Madison Investment and Insurance Committee update dated 17 June.

PDF Version

Word Version

 

FASEA News

CLICK HERE to read the latest on the FASEA exam extention and tips for sitting the exam.

Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records on ASIC.

Canva

We have created a Madison Canva enterprise account for our community. This gives your practice the freedom to choose and create thousands of templates and submit designs for approval through Canva by the Governance team.

For example CLICK HERE to create your own email signature.

Other templates have been created within the Madison Team in Canva. If you haven’t yet received your invitation to join our team, please email adviserservices@madisonfg.com.au

 

Good Governance Summit – July 2020

With the state of the world being what it is we are adapting how we deliver the Good Governance Summit to the community. Instead of a face to face 1 to 2 day workshop, we will be creating a virtual program across two weeks. Each morning from Monday 20 July through to Friday 31 July we will be presenting a different hour-long workshop that you and your team can participate in from the comfort and protection of your home. More information on the agenda, speakers, and software will be provided in the coming weeks. Please contact Bethany if you have any questions.

 

News and Events from our Industry

Netwealth’s latest special report: Next-generation advice needs, explore who the next generation of advice clients are. With many of the current advice services not developed to meet the different advice needs of Gen X and Gen Y clients, discover how you can develop an attractive offering for this market and how to effectively price and promote these services. Read the report.

Zurich/OnePath have developed _Zone an online education program, designed to guide you through the professional development you need as an adviser to meet the challenges of today and tomorrow. CLICK HERE to check out what is available.

OnePath Clarity Engage houses tools and white-labelled materials that advisers can use in their discussions with clients about the importance of insurance. This material includes customisable templates for flyers, newsletters and social media posts and the content covers five key areas:

1. The value of advice and insurance
2. Understanding premiums
3. Building confidence in claims
4. Reviewing your cover
5. Wading through complexity

 

Adviser Guide to Surviving in a Pandemic

CLICK HERE to read through the latest version of our guide to getting through the COVID-19 pandemic.

 

ASIC Updates

Please CLICK HERE to review the data ASIC is required to be updated on.

 

Revenue Services
The next revenue payrun will be processed on 1 May 2020.
OPEX has written handy guides for Madison users, available through Zen desk and the below links.

CommPay Reporting
Lodging and receipting an invoice.
Invoice Tracking Template
Xplan Navigation
Power BI webinar recording
Setting up referral arrangements in CommPay

CommPay and revenue queries – ATTN: Brokerage
support@opexconsulting.com.au

 

Discount Codes
FPA – When enrolling in any CFP unit let them know Madison is your licensee for a 10% discount.

Kaplan – PC-RID159

The promotional code for postgraduate study to meet FASEA requirements has been updated to MADFIMFP20. Make sure you enter this code to get the new pricing of $1,600 per subject.

 

Helpful Information

We have updated our contact list to include our new email addresses. Madison Contact List.

FASEA Website