Sole advice practitioners lacking business plans
6 October 2023 by Jasmine Siljic, Money Management
While business plans are a necessity to drive growth and resilience in financial advice firms, only 33 per cent of sole practitioners have one, Adviser Ratings reveals. The research firm surveyed approximately 500 advice practices, disco...
Small licensees up 17% since 2018
3 October 2023 by Keith Ford, Independent Financial Adviser
As the number of financial advisers in Australia dwindles, and AFSLs tumble with them, small licensees are the only category to be thriving. According to numbers from Adviser Ratings, there has been a 17 per cent increase in the number of...
How to choose your financial adviser
21 September 2023 by Paulina Duran, The Australian
Only one in 10 Australians has access to financial advice, despite many more needing it... Angus Woods, chief executive of Adviser Ratings, an independent financial adviser ratings agency, says while being “highly qualified” academically ...
Advice firm in pilot partnership to boost risk advice
20 September 2023 by Laura Dew, Money Management
Risk Hub has partnered with Loyalty Financial Group (LFG) on a pilot project to address the unmet advice needs in life insurance. It aims to lessen the challenges in providing risk advice, including market complexities, legislative change...
Three reasons you may need a financial adviser, and how to find one
15 September 2023 by Lucy Dean, Australian Financial Review
Australians typically seek advice for three different reasons: they’re approaching retirement; they’ve got a fair whack of cash (and don’t know what to do with it); or their life is about to change in a big way. But that doesn’t mean findi...
Lack of insurance advice leaving behind underinsured consumers
14 September 2023 by Laura Dew, Money Management
Less than half of advisers have written a life insurance policy in the last six months, according to Adviser Ratings, as Integrity Life scraps its retail advised channel. Earlier this month, Integrity Life announced it will no longer be w...
Top region for advisers revealed
12 September 2023 by Keith Ford, Independent Financial Adviser
Adviser Ratings has unveiled its top 25 regions for advisers on the rise. “In an evolving landscape where advisers come and go from locations, demographics shift, and opportunities arise, we offer a glimpse of what advice businesses may w...
Advisers short-selling themselves by up to 50%: WT Financial
8 September 2023 by Rhea Nath, Money Management
As a profession, advisers are significantly short-selling themselves, with many deterred by research around how much people are willing to pay for advice, according to WT Financial. According to Investment Trends, the average fee in the f...
Risk advice stalwarts lament Integrity Life exit
7 September 2023 by Chris Dastoor, Professional Planner
Hampered by a reduced distribution network, challenged insurer Integrity Life will cease writing new policies through its adviser and corporate group insurance channels. The Adviser Ratings ‘2023 Life Insurance Study’ found only 150 risk ...