In this episode of The ifa Show, host Maja Garaca Djurdjevic is joined by Bryce Quirk, Group Executive of Distribution at CFS, and Recep Peker, Managing Director of Empower Business Advisory, to explore the findings of the firms’ recent Advice Practice Profitability Report.

Quirk and Peker break down the report’s most important insights for advisers, from the way practice inefficiencies are hindering their ability to serve a greater number of clients to the importance of investing in the foundation of their businesses to accommodate future growth.

Listen as they discuss:

• How to address the ongoing issue of advice accessibility.
• The importance of advocating for the value of financial advice and reducing servicing costs.
• The role of managed accounts in simplifying processes and improving client outcomes.
• Why advisers should seek technology partners that facilitate consistency and simplicity and how this can boost profitability.