Team, As a minor distraction from the current share price drop,...

Team,

As a minor distraction from the current share price drop, a general article below on the Top 100 Dealer Groups changes in 2016.

http://www.moneymanagement.com.au/news/financial-planning/planner-numbers-continue-stabilise

Take away notes:
1. Overall planner numbers in the industry have remain stable (slightly down by 243). Not so good news.
2. There is an industry focus on restructuring operations. Potentially good for IAM.
3. AMP had highest number of planner departures (down 74). Not so good news.

Once I get the full report, I'll share on this forum.

In other news:
1. Share price is dropping. Not ideal, but not a disaster if holding on for long term (1-3 years). I enjoy reading the posts nevertheless (presso/no presso, props etc).
2. Finally got around to reading CP254 which mainly affects digital advice providers (e.g. Robo-Advice). Bear in mind that IAM is not a Robo-Advice provider, but gives an idea of the pressure facing some players in the industry which may cause them to avoid providing digital advice (unlikely) and focus back on face to face advice. Snippet and link below:




http://download.asic.gov.au/media/3583180/cp254-published-21-march-2016.pdf

Happy reading,

Bodhi_Trader