Jump in proportion of advisers switching licensees
13 January 2023 by Chris Dastoor, Professional Planner
Fewer advisers moved between licensees last year, but in a shrinking industry the proportion of advisers moving has increased. According to analysis from Wealth Data and Adviser Ratings, 1595 advisers switched licensees last year, which tr...
Privately licensed universe now makes up two-thirds of licensees
12 January 2023 by SMSF Adviser
According to Adviser Ratings, in the last five years, there have been numerous changes to the makeup of the advice market, with today’s advisers largely occupying the growing privately licensed universe, which now makes up almost two-third...
100k consumers orphaned as adviser numbers dwindled
10 January 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
Adviser Ratings has predicted that with the recent exodus of advisers, as many as 100,000 consumers have either stopped seeing an adviser or were orphaned. In an analysis piece published by the firm late last year, Adviser Ratings said th...
ATO throws troubled wealth sector a tax lifeline
10 January 2023 by Aleks Vickovich, The Australian Financial Review
Wealth management firms are hopeful that a new Australian Taxation Office review could expand the financial advice services eligible for tax deductibility and make them more affordable, amid a 40 per cent blowout in median fees in three ye...
How to avoid million-dollar mistakes in retirement
6 January 2023 by Duncan Hughes, The Australian Financial Review
The advice dilemma is worsening as the super industry scrambles to meet a surge in the number of retirees and the number of registered financial advisers slumps to less than half of what it was before the Hayne royal commission in 2018, ac...
Adviser Ratings acquires data and research firm, Beddoes Institute
12 December 2022 by Adviser Ratings
Adviser Ratings – Australia’s only independent financial advice data and ratings agency – has completed the acquisition of the wealth data analytics and research business, Beddoes Institute.
Volume of advisers’ potential clients rises by 74%
9 December 2022 by Laura Dew, Money Management
Population growth combined with shrinking number of advisers means there has been a 74% rise in the number of people per adviser, presenting an opportunity for those remaining in the industry. Demand for advice was on the rise with 5.6 mi...
Advice fee rises on the horizon
8 December 2022 by Laura Dew, Money Management
Over 90% of advisers say they plan to increase their fees next year, according to Adviser Ratings.
The state of the adviser landscape
1 December 2022 by Rhea Nath, Money Management
Money Management has examined the current state of the adviser landscape ahead of the changes from adviser numbers to fees to licensees. 2021 saw the number of advised Australians drop below two million, as per the Adviser Ratings (AR) 2...