Despite this keen interest, clients expressed a neutral outlook towards the forthcoming Budget. Additionally, the survey identified aged care and cost of living, particularly housing affordability and household expenses, as significant issues facing clients. Concerns also extend to ongoing market volatility influenced by global developments, including geopolitical tensions and domestic economic conditions, such as interest rate fluctuations and prevailing debt levels.
Interestingly, over 96% of advisers plan to maintain a stable approach to asset allocation and portfolio management following the Budget announcement. Brett Arnol, Co-Founder and General Manager at Viridian, commented on the need for the Budget to deliver concrete policy commitments that address broad client worries, encompassing areas like childcare, education, and Medicare.
This survey underscores the critical issues shaping advisers' conversations with clients, as the Federal Budget looms. With a stable yet watchful approach to portfolio management, advisers are poised to navigate the potential economic shifts prompted by the forthcoming government fiscal strategies.
