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HUB24’s Alcock Backs Mid-tier LicenseesHUB24’s Alcock Backs Mid-tier LicenseesHUB24’s Alcock Backs Mid-tier Licensees

11 September 2019 by Tahn Sharpe, Professional Planner

Mid-tiers represent “a dynamic and growing segment of the industry”, the release stated, before quoting figures from the Q2 2019 Adviser Ratings Adviser Musical Chairs Report saying 20 per cent increase in advisers moving to new licensees ...

Funds Fail on Advice OutcomesFunds Fail on Advice OutcomesFunds Fail on Advice Outcomes

30 August 2019 by Super Review

New advice education standards set by the Financial Adviser Standards and Ethics Authority (FASEA), and the destruction of traditional vertically integrated models of advice will see the industry shrink. The number of active advisers in...

Why it Pays to get Life Insurance in your 30sWhy it Pays to get Life Insurance in your 30sWhy it Pays to get Life Insurance in your 30s

19 August 2019 by Business Insider Australia

According to recent reporting from the Australian Prudential Regulation Authority into claims handling, customers who purchased insurance through a financial adviser had a higher claims admittance rate than those who purchased insurance el...

The (new) Future of Financial AdviceThe (new) Future of Financial AdviceThe (new) Future of Financial Advice

16 August 2019 by Annelise Nielsen

While we wait to see if our political leaders have the wherewithal to force real change in the sector, we can be sure we are going to see much more sceptical consumers. Websites like Adviser Ratings, which posts reviews of financial advise...

'Get over it, go broke, move on': Financial planners rocked by banks' exit'Get over it, go broke, move on': Financial planners rocked by banks' exit'Get over it, go broke, move on': Financial planners rocked by banks' exit

10 August 2019 by Stephen Miles and John Collett, SMH

"The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advisers,” said Mark Hoven, chief executive wealth of Adviser Ratings, a service that rates financial advisers. "There are about 25,...

Advisers Consider the Next ChapterAdvisers Consider the Next ChapterAdvisers Consider the Next Chapter

2 August 2019 by Professional Planner

A 20 per cent to 30 per cent exodus of the 25,000 or so authorised representatives currently on ASIC’s register is the more common prediction that’s being bandied around, but even this more conservative estimation represents in excess of 7...

Adviser Numbers Drop for Second Quarter in a RowAdviser Numbers Drop for Second Quarter in a RowAdviser Numbers Drop for Second Quarter in a Row

29 July 2019 by Eliot Hastie, SMSFAdviser

While there was a spike in adviser numbers in December last year, thousands of advisers have departed the industry in the first six months of this year, according to a new report. The Adviser Ratings Musical Chairs report found that 1,750...

Financial Advisers Call Time on their Careers as Tougher Rules BiteFinancial Advisers Call Time on their Careers as Tougher Rules BiteFinancial Advisers Call Time on their Careers as Tougher Rules Bite

27 July 2019 by John Collett, WA Today

Financial planners are leaving the industry in unprecedented numbers as tougher rules for those giving advice come into effect. “The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advi...

Thousands Leave Financial Advice IndustryThousands Leave Financial Advice IndustryThousands Leave Financial Advice Industry

26 July 2019 by Eliot Hastie, IFA

The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, leaving just 25,470 advisers across Australia. This equates to a 6.4 per cent decline in total adviser numbers for the quarter and ...