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...
Busiest quarter for licensee switching seen in Q3
21 November 2022 by Laura Dew, Money Management
Some 650 advisers switched licensee in Q3, the busiest quarter for over a year. According to Adviser Ratings’ latest Musical Chairs report, the firm said the number of switches rose from 562 in Q2 to 650 in Q3.
Millions of Aussies don’t get financial advice
18 November 2022 by Tamika Seeto, Yahoo Finance
Millions of Australians don’t use a financial adviser, new research has found, and many are taking their finances into their own hands. The median ongoing fee for a financial adviser is about $3,529, according to Adviser Ratings. That’s a...
Which licensee segments have seen the biggest declines?
14 November 2022 by Laura Dew, Money Management
With adviser numbers having fallen below 16,000 for the first time this year, there has been a similar decline in the number of licensees. According to Adviser Ratings, there had been a move for advisers to opt for solo or boutique licens...