EDITORIAL

Farewell to ‘father of financial planning’

I have to start this editorial with a tribute to the late Fred Dodds. Fred was described at his funeral as the “father of financial planning”. It’s a great and appropriate title which he deserves.

During his four decades in the financial planning world Fred relentlessly drove towards professionalism and raising standards. He was also responsible for bringing many new advisers into the profession.

Besides his corporate life, which included stints at Government Life, Prudential and Tower, Fred made massive contributions to many of the industry organisations over the years, culminating with being the chief executive of the Institute of Financial Advisers, before it became part of Financial Advice New Zealand.

Fred is also remembered as a great raconteur. Indeed his story-telling ability is something he will be warmly remembered for by anyone who heard him speak.

In his final closing comments when he accepted the Outstanding Contribution to the Industry award last year Fred said: “I’ve enjoyed my journey. You enjoy yours.”

We have a feature covering Fred’s life starting on page 14.

While this issue marks the end of Fred’s life it also marks changes here at ASSET. From this issue onwards we plan to publish the magazine bi-monthly.

We know how much advisers value the information we provide. Our model has been to provide it to all financial advisers for free and fund it through advertising revenue.

Unfortunately, the big end of town has a very poor record of supporting us.

They are happy to spend significant sums of money on conferences, roadshows and other events, however supporting an industry-wide magazine is something many fall down on.

In saying that I would like to take this opportunity to acknowledge those fund managers, insurers and other groups which have supported us. We wholeheartedly encourage you to engage with these firms, find out about what they offer and support them where appropriate.

In this edition we have a feature on an important issue everyone in financial services should have a laser-like focus on. Privacy and data security.

Advisers hold a significant amount of personal information on clients and they need to ensure this is kept safe and secure.

A comment made at a recent event was that cybercrime is the new gangland for criminals. Forget the days of robbing banks and physically breaking into places. This, like so many things in our lives, is now being done online.

Also on December 1, new privacy laws come into effect. Everyone handling personal data needs to be aware of the changes.

Enjoy

Philip Macalister

Publisher

Head office and advertising

1448A Hinemoa Street, Rotorua PO Box 2011, Rotorua

P: 07 349 1920 F: 07 349 1926 E: philip@tarawera.co.nz

Publisher

Philip Macalister

Editorial Manager

Joanna Mathers

Subeditor

Dawn Adams

Design

Samantha Garnier

Contributors

Anthony Halls, Daniel Smith, David Greenslade, David van Schaardenburg, Jonathan Taylor, Leigh Hodgetts, Mark Brown, Naomi Ballantyne, Shannon Murphy

Photography Credit

Brooke Cagle, Mark Finn, Dan Nelson, Kaitlyn Baker, Jeshoots, Marten Bjork, Trent Erwin

Subscriptions

Jill Lewis P: 07 349 1920

E: jill.lewis@tarawera.co.nz

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ASSET is published by Tarawera Publishing Ltd (TPL). TPL also publishes online money management magazine Good Returns GoodReturns.co.nz and TMM – The Mortgage Mag. All contents of ASSET Magazine are copyright Tarawera Publishing Ltd. Any reproduction without prior written permission is strictly prohibited. ISSN 1175-9585