More than three-quarters of financial advisers have yet to register their qualifications on the Financial Adviser Register (FAR) before the end of this year, according to Adviser Ratings.
The number of advisers currently using or planning to use artificial intelligence (AI) in their practices has significantly risen to almost three-quarters of firms, according to Adviser Ratings.
Adviser Ratings’ latest industry report reveals the inflow of new entrants to the profession in Q1 reached its second highest peak since the start of 2019.
More than four thousand registered financial advisers have just over seven months to complete their minimum educational requirements in order to maintain their ‘existing adviser’ status. Findings contained in Adviser Ratings’ Musical Chair...
Advice firms need to charge between $3000 to $4000 to remain viable, despite most Australians only willing to pay $500 for financial advice. The latest Adviser Ratings Musical Chairs report found 67 per cent of unadvised Australians would ...
Large AFSLs with more than 100 advisers are seeing the largest losses in both adviser and AFSL numbers as individuals seek a smaller, personal vision. The latest Adviser Ratings quarterly Musical Chairs Report explored financial adviser an...
Australians are looking for cheaper financial advice options, leaving the door open for digital solutions to gain a foothold in the advice industry.
Early findings from Adviser Ratings’ annual report reveal a strong upward trend for advisers in 2025 as the profession enters a period of greater stability.
Over half of advice practices are achieving profit margins of 20 per cent or more, according to Adviser Ratings, but practices with more than five advisers are seeing a significant revenue boost.