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Financial services

The financial services industry continues to evolve rapidly in response to the changing regulatory landscape, globalised economy and shifting consumer needs.
Adapting to constant evolution

Australia’s financial services sector faces continual evolution as the world economy becomes more interconnected. Influenced by many of the regulatory and systemic foundations of the United Kingdom’s banking and financial services systems, the financial services sector in Australia is underpinned by robust legal frameworks.

In recent years, Australia’s ageing population, rising property prices, growing superannuation pool and the digitisation of financial services have changed how firms engage with and serve their clients. The changing political and regulatory landscape is also creating new challenges and opportunities for financial services professionals, as well as retail, wholesale and institutional investors.

Serving the financial services sector

Financial services professionals need advice on a range of matters. We have a deep understanding of all facets of the financial services industry, along with a prudent approach to navigating its complexities. We work with many businesses across the financial services sector, including:

  • Wealth management firms
  • Superannuation funds
  • Alternative investment funds
  • Private equity firms

As the financial services industry continues to evolve, firms in the sector must continually respond to new challenges and embrace new opportunities.

Opportunities

Technological innovation, big data and the changing regulatory environment has resulted in opportunities for new entrants to serve a broader range of customers. Other key innovations and opportunities in the sector include financialisation across borders, growing wealth and the digitisation of financial services and products. Australia’s growing superannuation investment pool and residential property are also key drivers of opportunity as a significant proportion of Australia’s wealth is held in these assets.

Challenges

Increasing compliance costs are placing pressure on margins, making the use of technology and other solutions to increase efficiencies increasingly important. Further, growing competition from alternative finance providers is making client retention more critical than ever. As people’s financial needs and preferences continue to change, the complexity of our globalised world also makes effective portfolio construction and balancing risk an ongoing challenge.

A trusted business partner

Financial services firms need reliable advisors to help them manage risk, better serve their clients and ensure robust long term foundations, no matter how the broader economy is performing. With Pitcher Partners, you’ll have access to the expertise of a team that works with over 150 registered managed investment schemes, wholesale funds and fund managers, and a range of financial services firms.

Our prudent approach to analysing your current operations and helping you realise your business goals ensures your firm has the support it needs to grow and thrive. As a strong voice for our clients in the financial sector, we advocate for tax and regulatory changes that impact our clients’ businesses.

Our experts

asdfafsdfa Ben Brazier

Ben Brazier

Managing Principal

Adelaide


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asdfafsdfa Cole Wilkinson

Cole Wilkinson

Partner

Brisbane


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asdfafsdfa Ben Lethborg

Ben Lethborg

Partner

Melbourne


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asdfafsdfa Scott Edden

Scott Edden

Partner

Newcastle and Hunter


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asdfafsdfa Julie Strack

Julie Strack

Executive Director

Perth


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asdfafsdfa Richard King

Richard King

Partner

Sydney


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Responses to queries submitted via this form (“Response”) are produced by Pitcher Partners Advisors Proprietary Limited and are prepared for the exclusive use and benefit of those who are invited, and agree, to participate in the CRITICAL POINT NETWORK service. Responses provided, or any part thereof, must not be distributed, copied, used, or relied on by any other person, without our prior written consent. Any information provided is intended to be of a general nature and prepared without taking into account your objectives, circumstances, financial situation or particular needs. Any information provided does not constitute personal advice. If you act on anything contained in a Response without seeking personal advice you do so at your own risk. In providing this information, we are not purporting to act as solicitors or provide legal advice. Any information provided by us is prepared in the ordinary course of our profession and is based on the relevant law and its interpretations by relevant authorities as it stands at the time the information is provided. Any changes or modifications to the law and/or its interpretation after this time could affect the information we provide. It is not possible to guarantee that the tax authorities will not challenge a transaction or to guarantee the outcome of such a challenge if one is raised on the basis of the information we provide. To the maximum extent permitted by law, Pitcher Partners will not be liable for any loss, damage, liability or claim whatsoever suffered or incurred by any person arising directly or indirectly out of the use or reliance on the information contained within a Response. We recommend you seek a formal engagement of our professional services to consider the appropriateness of the information in a Response having regard to your objectives, circumstances, financial situation or needs before proceeding with any financial decisions. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.
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