What Are the Top Wealth Transfer Priorities for Advice Clients?
02 July 2024 by Shy-ann Arkinstall, ifa
Almost a third of advised clients will transfer more than $500,000 to beneficiaries, according to Adviser Ratings’ latest report.
Cost disconnect impacting access to advice: Report
28 June, 2024 by Keith Ford, ifa
According to the latest Adviser Ratings Australian Financial Advice Landscape report, more than two-thirds (68 per cent) of Australians see the benefit of having a professional financial adviser.
Advisers getting older on the back of experience pathway: Report
26 June, 2024 by Shy-Ann Arkinstall, ifa
In a webinar regarding Adviser Ratings’ upcoming Advice Landscape 2024 report, Adviser Ratings managing director Angus Woods ran through some of the findings from the report prior to its release, which is expected on 27 June.
AR data shows ‘advisers making more money than ever’
25 June 2024 by Chris Dastoor, Professional Planner
The average adviser has seen a salary increase, while the average advice practice makes a 21 per cent profit margin, according to Adviser Ratings. The researcher’s 2024 Advice Landscape report found the optimal advice practice has a 40 pe...
Over 1 in 10 Aussies plan to pass down $1m and more
17 May 2024 by Jasmine Siljic, Money Management
Australia’s looming intergenerational wealth transfer remains a crucial opportunity for financial advisers, with 14 per cent looking to transfer $1 million or more. Recent findings from Adviser Ratings revealed the amount of funds which c...
Are financial advisers ‘at risk’ from AI disruption?
16 May 2024 by Jasmine Siljic, Money Management
Financial advisers may be at “high risk from AI disruption”, but industry commentators say such technologies will enhance the role of an adviser, rather than replace them. Research from Adviser Ratings last month found 47 per cent of advi...
Advisers moving to self-licensing for flexibility and autonomy
15 May 2024 by Shy-ann Arkinstall, Independent Financial Adviser
More advice practices are moving away from large dealer groups, instead opting for self-licensing, in search of greater independence and autonomy within their businesses, according to the head of an insurance and risk advice firm. Adviser...
Advisers challenged by capacity, shrinking talent pool
14 May 2024 by Malavika Santhebennur, Independent Financial Adviser
While there is renewed confidence in advice, businesses are at full capacity while facing talent shortage, a business consultancy specialist said. Data from Adviser Ratings last year revealed that almost 3,000 advice practices have shut s...
Weighing up the risks and benefits of self-licensing
13 May 2024 by Jasmine Siljic, Money Management
Numerisk managing director and founder Richard Silberman examines the risk considerations for financial advisers looking to take the plunge into self-licensing as well as the legal ramifications. “The Australian practice ecosystem now mai...