But At What Cost To The Consumer?
29 April 2022 by Laura Dew
The annual research report did not hold back, stating that 100,000 clients have either been orphaned by their adviser or ceased receiving advice, causing the number of advised Australians to fall below two million people.
Quality of Advice Review presents opportunity to ‘rebuild adviser numbers
11 May 2022 by Neil Griffiths, SMSF Adviser
In a recent webinar, AFA CEO Phil Anderson said the upcoming Quality of Advice Review (QAR) – which will investigate whether there are opportunities to streamline and simplify regulatory compliance - has an opportunity to key issues in the...
Open Letter to Anthony Albanese and Scott Morrison
6 May 2022 by Risk Info
Lifespan Financial Planning CEO, Eugene Ardino, has penned an open letter to the leaders of the two major parties in the lead-up to this month’s Federal Election, which he presents on behalf of the financial advice community. Ardino docume...
Labour Backs Advice Affordability
29 April 2022 by Laura Dew, Money Management
Access to high-quality advice for consumers will be a key priority for the Labor government, according to shadow minister for financial services, Stephen Jones.
Advisers Seeking More Industry Support Due To 'Broadened' Network
29 April, 2022 by Neil Griffiths, Independent Financial Adviser
Appearing on a new episode of the ifa Show podcast, Midwinter’s head of advice sales, Stacey Cowan, said more advisers are seeking support from industry due to the changes as a result of the pandemic, such as technology adoption in busines...
Adviser Ratings’ Landscape Report illustrates impacts of Falling Adviser Numbers – With...
28 April 2022 by Adviser Voice
The Adviser Ratings Landscape Report – the most comprehensive research on Australia’s wealth industry – illustrates how the changing nature of wealth management has impacted financial advice, funds management, and consumers. Based on six r...
Over 2,000 More Advisers Predicted To Exit Industry In 2022
26 April, 2022 by Neil Griffiths, Independent Financial Adviser
Following the release of its Landscape Report, technology and ratings business – Adviser Ratings – has predicted that a further 2,387 advisers will depart in the industry in 2022. Only 1,200 risk specialist advisers currently remain.
6:1 Ratio Of Departing Advisers Versus New Entrants
26 April, 2022 by Chris Dastoor, Professional Planner
The ratio of advisers that leave the industry versus replacements is six-to-one, with the sector likely to reach 14,964 planners by the end of the year according to research group Adviser Ratings. 4,103 advisers ceased in 2021, with only 2...
SMSF Advisers More Likely To Use ETF's Than DIY Investors
26 April, 2022 by Lucy Dean, Australian Financial Review
Financial advisers are more likely to use exchange-traded funds for their self-managed super fund clients than self-directed investors, a new study has found, with advisers’ understanding of the diversification benefits of ETFs propelling ...