As data breaches surge, the financial industry faces increasing cyber threats. In this article, Neriza, VBP Deputy Manager, outlines four essential steps to protect your information. Learn how strong passwords, multifactor authentication, phishing awareness, and regular updates can safeguard your digital environment and keep your data secure.
- 9 minutes
Australia's accounting firms are grappling with a severe skills shortage, impacting client deadlines and growth. Daniel Harrison explores key challenges—including lack of interest in public practice and shortfalls in skilled migration—and provides strategic solutions like offshoring and AI integration to help firms overcome these issues and thrive in an increasingly competitive market.
- 7 minutes
Building and maintaining trust is essential for business success, and honouring commitments plays a crucial role in this process. Discover how consistently fulfilling promises can enhance client relationships, establish professional integrity, and foster long-term partnerships by reading the full article here.
- 9 minutes
Most read articles
Sue Viskovic, VBP General Manager-Consulting, emphasizes the importance of an Optimum Operating Rhythm for financial advisory firms. Drawing on Verne Harnish’s Rockefeller Habits, VBP tailors this concept to the industry's unique needs. By integrating daily huddles, weekly meetings, and strategic planning, firms can enhance performance, reduce risk, and achieve sustainable growth, aligning operational rhythms with long-term success.
- 7 minutes
In today’s digital age, we are constantly bombarded with others' achievements online, leading to unrealistic expectations and feelings of inferiority. At VBP, our fourth Fundamental, “Appreciate and Focus on What You Have,” encourages us to value our own strengths and achievements, fostering a positive and supportive work environment while enhancing personal and professional growth.
- 4 minutes
Embracing vulnerability at VBP fosters authenticity and deeper connections among colleagues. By encouraging openness during one-on-one discussions and "Ask the CEO" forums, VBP builds trust and collaboration. This principle enhances our culture, driving success and creating a supportive workplace. Reflect on integrating vulnerability into daily interactions to improve your team's dynamics and productivity.
- 4 minutes
In the dynamic realm of business, the principles of 'The Great Game of Business' by Jack Stack, particularly the Higher Laws of Business, have profoundly shaped VBP’s ethos. Emphasising teamwork, integrity, and ownership, these principles drive our leadership, decision-making, and collective success. They foster a culture where every team member's potential is maximised, propelling VBP towards sustained innovation and client value.
- 5 minutes
In the whirlwind of everyday work life, acknowledgment and appreciation often go unnoticed, yet they hold profound power to uplift and inspire. Meaningful acknowledgment transcends mere recognition, fostering a culture where every contribution is valued. Embrace the VBP Fundamentals to fuel motivation and cultivate excellence within your team.
- 5 minutes
Discover how offshoring can revolutionise your business by boosting productivity and cutting costs. Learn the differences between offshoring and outsourcing, and find out why combining these strategies can save you money and enhance scalability. Ready to take the next step? Find out more and start your journey towards growth.
Unlock Efficiency:
Transform Your Financial Advice Process Today!
Is admin work taking time away from your clients and planning? Are you struggling to balance essential client interactions with endless paperwork?
Discover how our Advice Process Checklist shows which steps can be outsourced, helping you cut costs and focus on what you do best.
What's Coming Up
Get ready for this year’s VBP Conference, where you’ll have the opportunity to immerse yourself in compelling sessions and engaging activities tailored to propel your business forward.
14-17 August, 2024
Cebu, Philippines
Growth
Building and maintaining trust is essential for business success, and honouring commitments plays a crucial role in this process. Discover how consistently fulfilling promises can enhance client relationships, establish professional integrity, and foster long-term partnerships by reading the full article here.
Community is at the core of VBP. During the 2024 VBP Conference, our team, clients, and volunteers united for an outreach program, bringing joy and support to the children of Children's Haven-Cordova. Read the full article to learn more about this heartwarming initiative.
In today’s remote work environment, strong virtual communication is key to success, especially when working with offshore teams. Siddhi Padia, VBP Technical Lead - Paraplanning, shares essential tips for building trust, enhancing collaboration, and fostering productivity through clear communication channels, responsiveness, regular meetings, and engaging team-building activities to bridge the distance effectively.
Industry
In the dynamic world of financial advice, some advisers have lots of clients, while others seek growth opportunities. Yet, growth should not come at any cost. Selective client partnerships foster resilient businesses. Amidst various strategies, qualified referrals reign supreme. Acknowledge referrers, articulate your ideal client, and don't shy away from asking. Embrace authenticity in your approach to attract meaningful connections.
In the dynamic landscape of Australia's financial advisory sector, Michelle Levy's call to replace Statements of Advice (SOAs) with "Fit-For-Purpose" documentation marks a significant turning point. Advisors are proactively responding to this shift, aiming to streamline documents while preserving the integrity of their analysis. Striking a balance between efficiency and transparency highlights the indispensable role of paraplanners in navigating regulatory changes and ensuring clients receive clear and trustworthy advice.
For over 16 years, we've coached advice firms, witnessing significant evolution in business strategies. Yet one aspect remains pivotal: intention and attention. Intention involves clarity on vision, values, and strategic planning, while attention requires regular review and focus on business goals. Many firms overlook this, but it's essential for future success in the advice profession.
People
It's 2023 and we are in the work-from-anywhere revolution and globalisation is here to stay. There are many benefits to globalisation including accessing talent from anywhere around the globe, it's now the new normal.
Recruitment is an integral but often difficult process in any organisation that aims to find, attract, and hire the right people who could help the company perform and grow.
Explore more topics
All articles
Subscribe to our newsletter
Stay up to date with the latest news from the industry.
