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Crowded platform market ripe for consolidation

16 September 2020 by Tahn Sharpe, Professonal Planner

According to Adviser Ratings the number of registered advisers has dropped 15 per cent since the start of 2019 and is tipped to fall even further over the next five years as educational standards and regulatory reform squeeze time, money a...

The New Face of StockpickingThe New Face of StockpickingThe New Face of Stockpicking

27 August 2020 by Aleks Vickovich & Jonathan Shapiro , AFR

However, the finding comes as the supply of professional financial advice is diminishing and average costs are skyrocketing because of increasing regulations, with a 21 per cent decline in the number of advisers over the 12 months to June,...

Big banks' wealth exit aids Hub24 tailwindsBig banks' wealth exit aids Hub24 tailwindsBig banks' wealth exit aids Hub24 tailwinds

25 August 2020 by Aleks Vickovich, AFR

Mr Alcock reflected on data from research house Adviser Ratings that 700 practitioners moved to new licences in the June quarter "even in the midst of a pandemic". Licensee-switching, especially to independent providers, opens up the platf...

Covid Pressure Sees Boutique AFSLS Abandon ShipCovid Pressure Sees Boutique AFSLS Abandon ShipCovid Pressure Sees Boutique AFSLS Abandon Ship

20 August 2020 by Sarah Kendell, IFA

Adviser Ratings’ Musical Chairs Report for Q2 2020 found that 83 financial services licences had been discontinued in the three months to June, a significant rise on the 61 licences that had ceased in the first quarter of the year. The re...

Professionals exit but demand for financial advice still strongProfessionals exit but demand for financial advice still strongProfessionals exit but demand for financial advice still strong

18 August 2020 by John Collett, Brisbane Times

Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. ...

Professionals exit but demand for financial advice still strong (1)Professionals exit but demand for financial advice still strong (1)Professionals exit but demand for financial advice still strong (1)

18 August 2020 by John Collett, SMH

Over the three months to June 30, the adviser population dipped to about 21,600 – almost 1200 less than the previous quarter, when their numbers fell by 670, Adviser Ratings figures show. Mark Hoven, chief executive at Adviser Ratings, say...

Professionals exit but demand for financial advice still strong (2)Professionals exit but demand for financial advice still strong (2)Professionals exit but demand for financial advice still strong (2)

18 August 2020 by John Collett, The World News

Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. H...

Professionals exit but demand for financial advice still strong (3)Professionals exit but demand for financial advice still strong (3)Professionals exit but demand for financial advice still strong (3)

18 August 2020 by John Collett, The Age

Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. H...

Less Than One in Three Advice Graduates Enter the IndustryLess Than One in Three Advice Graduates Enter the IndustryLess Than One in Three Advice Graduates Enter the Industry

14 August 2020 by Sarah Kendall, IFA

The research, conducted by Adviser Ratings, surveyed academics from nine universities offering financial planning courses and found that just 28 per cent of students were currently making their way into the advice industry after enrolling ...