[GRTV] Tony Vidler: Advisers seek freedom in new world order

“They’ve spent so much time focusing on building systems and now they’re trying to make those systems work more profitably.”

He says there is a lot of activity around issues such as what software systems to use, whether to stick with their current CRM and whether they need to bring on new staff. Most are well bedded down in terms of meeting regulatory expectations.

People in the sector are also moving around. Vidler says commentators including himself have said people would herd for safety with the new regulations coming in and then in the two or three years following that, a bunch which would want to break away from the herd again.

“And we’re starting to see that happen. We’re effectively just over two years into the new world, so it’s about when we would have expected it, maybe a little bit early.