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Financial adviser workforce set to halve by 2023Financial adviser workforce set to halve by 2023Financial adviser workforce set to halve by 2023

April 12th 2021 by Aleks Vickovich

The supply of registered financial advisers is on track to be 50 per cent lower than before the Hayne royal commission in 2018, while the costs of quality advice for regular consumers have skyrocketed, new data shows. The data from resear...

How robots could bridge the wealth gapHow robots could bridge the wealth gapHow robots could bridge the wealth gap

25/03/2021 by Rupert Carlyon, stuff magazine, business NZ

According to Adviser Ratings, more than 4000 Australian financial advisers left the sector in 2019, and this has resulted in the lowest number of advisers there since back in December 2015. Last week, New Zealand’s financial advice regime...

Could the Adviser Exodus be Turning Around?Could the Adviser Exodus be Turning Around?Could the Adviser Exodus be Turning Around?

9 February 2021 by Sarah Kendell, IFA

Sharing the latest adviser movement statistics, Adviser Ratings founder Angus Wood noted that just two advisers had ceased their authorisations in the week to 25 February, while two had joined the industry. A further 18 had switched licens...

What's the Future for Financial Services?What's the Future for Financial Services?What's the Future for Financial Services?

1 March 2021 by Gary Anders, In the Black

Mark Hoven, CEO of financial advice data and ratings agency Adviser Ratings, agrees that cutting regulatory compliance is paramount. “We’re still looking at another 5000 advisers who are likely to leave the industry in the next year or so...

Hoven to Depart Adviser RatingsHoven to Depart Adviser RatingsHoven to Depart Adviser Ratings

22 February 2021 by Mike Taylor, Money Management

The departure of Hoven will see a number of internal movements at Adviser Ratings with Claire Virtue being promoted to Chief Operating Officer, (COO) and with Adviser Ratings founder and chairman, Angus Woods, returning to an executive rol...

Small business groups urge the federal government to offer $5,000 financial advice subsidies to SMEsSmall business groups urge the federal government to offer $5,000 financial advice subsidies to SMEsSmall business groups urge the federal government to offer $5,000 financial advice subs...

11 February 2021 by Lois Maskiell, Smart Company

The proposal for a financial advice subsidy comes after a recent study on the cost of advice fees revealed they’ve increased by 22% since 2018. The median fee charged by 1,500 advisors surveyed was $3,256 in 2020 as compared to $2,510 in 2...

Advice industry emerges from the fogAdvice industry emerges from the fogAdvice industry emerges from the fog

9 February 2020 by Tahn Sharpe, Professonal Planner

According to the Adviser Ratings Musical Chairs Q4 report there has also been a significant slowdown in adviser movement, with less advisers switching or ceasing licensees in the December quarter than any quarter stretching back to early 2...

ADVICE FEES JUMP OVER 20%ADVICE FEES JUMP OVER 20%ADVICE FEES JUMP OVER 20%

9 February 2021 by Sarah Kendell, IFA

Data from Adviser Ratings’ 2020 Financial Advice Benchmarking Study, which took in responses from around 1,500 advisers, revealed that median advice fees had risen to $3,256 in 2020. This was up 16 per cent from the median advice fee of $...

Adviser decline approaches crisis pointAdviser decline approaches crisis pointAdviser decline approaches crisis point

5 February 2021 by Greg Bright, Investor Strategy News

Mark Hoven, chief executive of Adviser Ratings, however, was able to see some silver linings in the data, with an expectation of an improved revenue environment ahead for the remaining adviser population and continued growth in the number ...