My son plays tennis. He’s incredibly passionate about the sport and spends a great deal of his time training. Training is a mixture of tennis matches, working with coaches, coaching others, other endurance and fitness regimes or simply hitting a tennis ball for hours against a brick wall. The thing about tennis is you can’t really plan your next shot until the ball is returned over the net to you. Really, communication is much the same. To be actively engaged in a conversation or communicate effectively, you need to be in the moment and you have to be listening to the other party/person you’re with. Like tennis, if you’re present and ready to receive information, odds on your response will be much better placed.

This week, I started conversations with the Principals of the Madison advice community to ask how they envisage their next twelve months. I have to say, every single conversation has taken me by surprise. I’ve heard stories of generations, the changes advice has made to the lives of your clients, business aspirations, family goals and personal hopes. This is the privilege of listening to understand and learn. I imagine it’s the same feeling you get when you’re speaking to your clients. It’s easy to understand why you’re so invested in their lives, helping them to create the future they imagine (or dare to) achieve. I’ve also noticed your resilience and optimistic view of the future. And this is all via a computer screen! I have many more conversations to go and I’m looking forward to each one. When we get to the other side of this sale, I’d love to find a way for you to share your stories with each other. There is strength in numbers and there is wisdom in stories. Let’s use both to be better at what we do, be each others’ cheer squad and shape our community to create extraordinary advice businesses.

In a year from now, Madison will be in a very different place. One thing is certain, it will be your stories and aspirations that will be the driving force of our success. Back to my son, he is a great listener. I once asked, “How did you become such a good listener?”  “By listening”.  Thank you for letting me listen.

Sincerely,

Annick

 

Sale Update

We have no further news to report since yesterday’s update.

 

 

 

Virtual Drinks on Friday

Madison is hosting weekly drinks each Friday from 3.30 pm via Zoom. Each week will have a different theme and tomorrow’s theme is ‘TGIF’. Hope to see you then! CLICK HERE to register.

Welcome!

Please join us in welcoming our newest adviser Luke Hanson. CLICK HERE to read more about Luke.

 

Rachel O’Connor, Flourix Wealth – Mamamia

CLICK HERE to read an article written by Rachel’s client describing her first experience with a Financial Planner.

 

 

Adviser Guide to Surviving in a Pandemic – New Version

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

 

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.

 

Madison Investment Market Update

Please CLICK HERE to read the Madison Investment Market Update dated 20 May 2020.

 

Informed Investor – Product Profiles LIVE

CLICK HERE to read about the enhancements to Informed Investor available through the Madison Adviser Portal.

 

ASIC Updates

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

 

Professional Association Audit

Many of you are members of one (or more) professional associations, such as the FPA or AFA. If you receive contact from a Professional Association regarding an audit (i.e. CPD audit), or any other advice related matter, please contact the Advice and Governance team so we can support you with the documentation required.

 

Kaplan Update – Study Period 3

CLICK HERE for an update from Kaplan on the support and services they are offering for Study period 3.

 

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.

 

Pengana have recently run a series of webinars and the recordings are now available online.

Australian Equities fund – Rhett Kessler, Portfolio Manager – CLICK HERE to listen

Emerging Companies fund – Ed Prendergast and Steve Black, Portfolio Managers – CLICK HERE to listen

WHEB Sustainable Impact fund – Ted Franks, Portfolio Manager, Seb Beloe, Head of Research and George Latham, Managing Partner – CLICK HERE to listen

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

 

FASEA Education Requirements

Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records on ASIC.
CLICK HERE for recent updates from FASEA about the changes to the exam schedule due to COVID-19

 

Spotify Playlist

We have been building a Self-Isolation playlist in the Madisonfg Spotify Account. We would love you to collaborate with us and add songs to the list. CLICK HERE to add to your Spotify play list or send your songs to adviserservices@madisonfg.com.au

 

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

Madison contact list
FASEA Website