When did the Australian wealth industry feel this energised?

I can’t remember the last time the Australian wealth industry felt this energised. This week, it really did.

It’s been a week centred on entrepreneurialism: founder-advisers, wealthtech founders, investors. They’re all seeing new possibilities in the Australian wealth industry; it’s infectious. In fact, the industry feels more inspired than I’ve ever seen it.

Years ago, every conversation with an Australian adviser was dominated by b*tching and moaning about the regulator, the admin burden, the compliance burden. Now the tone has shifted. Advice principals are more positive, more optimistic.

There’s still some resting grumpy face — old habits are hard to break. But there’s a genuine sense of seizing an opportunity that wasn’t common before. And AI is at the heart of every one of those conversations.

Hope you’ve had an inspired week too. 🙂