Is New Zealand's Financial Industry Less Secure Than the UK?

NZ Business Owners

Nigel Elson Founder of https://www.friendlyfinance.nz/

Takeaways

• Being an expat himself, Nigel has a natural connection with expat clients and understands their financial needs.
• Traveling and experiencing different cultures makes people more open-minded and focused on enjoying life in the present.
• Planning for both the present and the future is crucial for financial success.
• Communication and compromise are key in relationships and business partnerships. Effective communication is crucial in financial advising to ensure understanding and build trust.
• Reading people's facial expressions can help gauge their level of comprehension.
• Addressing insecurities and concerns is important to make clients comfortable with the financial plan.
• Tailoring communication based on age and background is essential for effective communication.

Chapters

00:00 Introduction

00:20 Feeling Like You Don't Belong

03:18 The Experience of Traveling and Living Abroad

05:01 The Challenges of Integrating into a Local Community

05:57 Unusual Life Experiences

07:05 The Differences Between the Ultra Wealthy and the Aristocracy

08:22 Attributes Required for Success

09:21 Instilling Work Ethic in the Next Generation

10:58 Maintaining a Long-Term Partnership

12:12 Effective Communication in Relationships

14:16 Understanding and Empathy in Arguments

19:00 Finding a Life Partner

21:01 Maintaining a Good Bond in a Relationship

22:27 Effective Communication in Sales

24:41 Simplifying Statement of Advice Documents

29:18 The Requirements for a Michelin Star Restaurant

32:27 Providing Service in the Financial Planning Industry

36:29 The Need for Higher Qualifications in New Zealand

44:52 Number of Insurance Advisors in New Zealand

45:33 Challenges in Reaching Remote Areas

47:13 Perception and Competency of Financial Advisors

48:22 Access to Financial Advice and Education

49:16 Importance of Life Insurance and Investments

51:00 Convincing People of the Importance of Insurance