I see a future where only high net worth individuals paying high fees get a face to face adviser, the rest are serviced by robot or scaled phone services etc.
I broadly agree with your view, but isn’t HNW individuals what Shadforth is all about? And doesn’t Shadforth generate the vast majority of IOOF’s Advice UNPAT (or the quasi-totality, even, after the disposal of Ord Minnett)?
News: IFL Australia's IOOF posts 68% decline in annual profit, page-26
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Last
$3.55 |
Change
0.040(1.14%) |
Mkt cap ! $2.394B | |||
| Open | High | Low | Value | Volume |
| $3.56 | $3.59 | $3.53 | $1.870M | 525.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 10181 | $3.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 8791 | 11 |
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| Last trade - 15.58pm 24/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |