Practices want new clients but at the expense of less profitable ones
27 April 2023 by Chris Dastoor, Professional Planner
Over one-third of advice practices actively plan to take on more clients but it will most likely be at the expense of less profitable ones. According to findings from the latest Adviser Ratings ‘Landscape Report’, these practices are clear...
AI-powered ‘robo-advisers’ could plug financial advice gap
26 April 2023 by John Collett, The Sydney Morning Herald
Australians seeking financial advice may soon be able to get it from high-powered artificial intelligence “robo-advisers”, with experts expecting the underserved sector to be in the sights of the rapidly expanding AI industry. Angus Woods...
Advisers urged to beware of greenwashing traps in ESG investments
24 April 2023 by Independent Financial Adviser
As greenwashing becomes more prevalent, financial advisers are being urged to do their due diligence when researching companies and their ESG practices. According to Adviser Ratings, both clients and advisers are increasingly wanting to i...
New data reinforces value of experience pathway
14 April 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
Earlier this week, Adviser Ratings’ Financial Advice Landscape Report suggested that 10 per cent of advisers intend to leave the industry, while another 12 per cent are uncertain about their future. “While it’s unlikely that every adviser...
Advice fees jump by 40% in 5 years
13 April 2023 by Independent Financial Adviser
As many as 9 in 10 advisers plan to lift their fees further on the back of inflation, interest rates, and other cost pressures, research from the Adviser Ratings Landscape Report has revealed. In the past year alone, advisers have increas...
Advice fees rise 40 per cent in five years
13 April 2023 by Laura Dew, Money Management
Financial advice fees have risen by close to 40 per cent over the last five years and the majority of advisers expect to hike fees further in the coming years, according to research. The latest Adviser Landscape Report from Adviser Rating...
Future Intentions – How Many Advisers Might Leave?
11 April 2023 by Risk Info
The financial advice profession could lose another 3,500 advisers, with thousands still on the fence about whether to stay or go, according to Adviser Ratings. In a “sneak peek” article, the research firm says that for those who are undec...
Why accountants are saying goodbye to limited advice
5 April 2023 by Jessica Penny, Independent Financial Adviser
Recent data from Adviser Ratings has revealed that there were fewer than 200 limited licensed advisers — mostly accountants — at the end of last year, compared to 1,000 a few years ago. Despite the already rapid decrease, Adviser Ratings ...
Why red tape is tying up women in advice
3 April 2023 by Helen Baker, Independent Financial Adviser
Research published in Harvard Business Review in 2019 found that women in business perform better and earn more when they have a supportive network of female peers around them: “Because women seeking positions of executive leadership often...