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Money Blog

For daily updates please refer to the Chatswood Moneyblog. The MoneyBlog provides you with an eclectic mix of personal views, industry commentary, and editorial for current affairs provided by our principal, Russell Hutchinson.

www.chatswood.co.nz provides you with an overview of Chatswood Consulting. It is our corporate profile online, which is updated only periodically.  

Meet the Team

Russell Hutchinson, Kelly Pulham , Frances Hutchinson, Michael Larsen, and Alan Rafe.

Together we form the Chatswood Consulting Limited staff. We specialize in providing management consulting for financial services companies. We have a particular interest in distribution management solutions, product development, and strategy setting.  

We Provide  

·         We do compliance projects, sales process definition projects and project planning for the new regulatory environment

·         We also run several industry surveys including insurance pricing, commissions, agency terms, mortgage brokers market review, and valuation surveys

·         We help life insurers, fund managers, large brokerages, broker groups/dealers, and we help industry associations to improve strategy for, and implementation of, a range of marketing and distribution projects. 

To have a confidential discussion about your project email us or call the office.

Strategic Environment 2010 - 2015

·         The single largest challenge for Life companies is to reduce the cost of distribution

·         For all financial services companies regulation is the most significant environmental factor to manage

·         Operational pressures to reduce costs and improve risk management 

That applies both in a narrow sense for insurers assessing risks and in a broader sense for our investment clients as their business models need to manage investment risk and distribution risks.

For updates on current issues please refer to the Chatswood Moneyblog

For a review of the current environment for your organisation please contact us contact Russell.Hutchinson@Chatswood.co.nz

 

 

How Chatswood Can Help

Chatswood can provide industry knowledge and specialised financial services marketing experience to help you make the right strategic choice in developing your business.

Chatswood can povide management expertise to help you fill a resource gap to complete important sales and marketing projects in the financial services sector.

Our clients want to be more profitable – we help them to achieve it. Our success is demonstrated by the repeat business we enjoy and the results we have delivered. Our most popular services include:

·         Product development

·         Distribution strategy  

·         KiwiSaver channel development

·         Pricing Strategy

·         Programme & project management

·         Distribution projects planning, and management

·         Report writing

·         Journalism and copy writing - recent articles

·         Marketing strategy, research and planning

·         Market test feasibility  

·         ABS development  

·         QFE planning

·         Compliance auditing

Results That Make a Difference

We have to be very careful to respect the confidentiality of our clients; however, in broad terms we have been able to provide some substantial contributions to the development and growth of many organisations, some examples are given below. 

·         We have developed three major new national distribution channels in the last three years, collectively achieving more than $8 million in new annual premium production.

·         We have direct, current, experience of building and managing a successful sales team.

·         We were instrumental in the development of the leading online sharetrading service in New Zealand .

·         We took risk product sales from $4 million a year to $18 million a year for a major insurer

·         We have worked on the planning and launch of two recent insurance industry start-ups.

·         Raised $1.5 million in new capital for a technology start-up

·         Raised $2 million in development funding for new distribution businesses.

·         Assisted in acquisition opportunity identification.

·         Provided business valuation information

·         Identified $500,000 in annual savings for a technology implementation at a fund manager

·         Developed changes to financial products that resulted in a rise in contribution of $8-10 million a year

·         Identified pricing anomalies in research that when corrected yielded an additional $1-2 million annually

·         Managed projects successfully with implementation budgets worth many millions of dollars

To obtain specific references please contact Russell.Hutchinson@Chatswood.co.nz and we will put you in touch with non-competing clients who can provide you with details. We are proud of our achievements, please refer to the References section for a list of clients. To view our terms of engagement, please click here.

 

 

Our Strategy

·         Be Informed - Good decisions come from making informed choices. Good market information is the start.

·         Have Options - Contested choices between a number of options always helps to improve the quality of decision-making. Creative options development is a core strength of Chatswood.

·         Follow Good Process - William Penn once wrote that 'method goes far to prevent trouble in business' - we agree. Good management process makes decision-making easier, better, and builds organisational commitment to the new course of action - increasing the probablility of success.  

·        Manage Implementation - A dedication to applying project management to implementation means we not only help you make the right choices, but see them through to successful execution.

·        Manage Risks - We have to recognise that risks exist, plan to avoid, mitigate, or manage them. The current regulatory change means this is the most significant set of risks we face - but we ensure that with our specialist understanding of financial services operational risks are addressed.

This is an abbreviated profile, for the latest overview, email russell.hutchinson@chatswood.co.nz.

 

  

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