Advisers shed clients but maintain profitability with rising fees
30 July 2024 by Chris Dastoor, Professional Planner
Professional Planner: Fee hikes have created more “manageable” books, with the average number of clients per adviser now under three figures. The findings come as recent data from Adviser Ratings and Iress also show the best practices in t...
Consumers locked out of financial advice as fees keep rising
24 July 2024 by John Collett, Sydney Morning Herald
An increasing number of people seeking financial advice to help them navigate complex rules and regulations, particularly around retirement planning, are being locked out of advice as financial adviser fees continue to climb. Figures from ...
Advice industry remains stable: Report
24 July 2024 by Shy-ann Arkinstall, ifa
A new quarterly report by Adviser Ratings reveals the advice profession remains relatively stable despite the continued outflow of advisers. According to Adviser Ratings’ 2024 Q2 Database Report, the number of advisers dropped in July last...
Not rich enough! Why my financial adviser dumped me
17 July 2024 by Penny Wise, AFR
"Dear Ms Wise, I inherited some money from an elderly relative about 10 years ago. I found a financial adviser through a personal recommendation – Fast-forward several years, he gets made a partner with one of the fancy firms and sacks me ...
Jumping on board or holding out: How are advisers using AI?
9 July 2024 by Shy-ann Arkinstall, ifa
Adviser Ratings’ recent 2024 Advice Landscape report has revealed how advisers are using AI technology in their businesses to boost efficiency and productivity.
Say hi to AI: Outsourcing inevitable as support staff shrinkage continues
9 July 2024 by Beata Kuczynska, Professional Planner
Over the past two years, more businesses are adding fewer support staff to their payroll. Instead, they are turning to technology-based solutions, such as AI, for better efficiency and lower cost support. This trajectory is according to th...
Why efficiency is key in a changing adviser landscape
8 July by Financial Newswire
According to Intelliflo, newly released insights highlight the importance of advice practices adopting technology and becoming more efficient, especially as the market changes. It’s a view we’ve held for a long time, and it’s now been echo...
The ‘once in a generation’ platform opportunity
8 July 2024 by Laura Dew, Money Management
Platforms have a “once in a generation” opportunity currently as the rise of self-licensed financial advisers prompts advisers to select their platform of choice.
Value for money: Justifying rising fees to clients
3 July, 2024 by Jasmine Siljic, Money Management
With the median annual fee for advice up 58 per cent from 2018, financial advisers are being encouraged to ensure clients confidently see value in the price they pay.