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 ...
Integrity Life scraps new life insurance in retail advised channel
6 September 2023 by Rhea Nath, Money Management
Integrity Life Australia will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels. The firm, part of Integrity Group, attributed the “difficult decision” to a substantial reduction...
Platforms see strong growth in FY23
1 September 2023 by Jasmine Siljic, Money Management
Platforms have reported strong earnings during FY23, with five big names seeing significant growth in funds under administration (FUA) as they carve out ambitious new targets. Earlier this month, both HUB24 and Netwealth were amongst the ...
HUB24 MD on platform growth, flags digital advice product
24 August 2023 by Laura Dew, Money Management
HUB24 managing director, Andrew Alcock, believes there is a “clear pack of winners” gaining platform market share, as the firm targets $100 billion in platform funds under administration (FUA). Adviser Ratings’ latest quarterly Musical Ch...
‘Richer earlier’: The demographics driving self-managed super
22 August 2023 by Duncan Hughes, Australian Financial Review
About 44 per cent of savers starting an SMSF are aged under 45 years, with about one-third of new members aged between 35 and 45 years, according to the latest analysis by the Australian Taxation Office. At the opposite end of the age spe...
‘Big reluctance’ for advisers to back a single platform
21 August 2023 by Chris Dastoor, Professional Planner
Advisers will be unwilling to use fewer platforms due to the belief it won’t be in clients’ best interests, according to former Investment Trends researcher and SuitabilityHub founder Recep Peker. While Netwealth and HUB24 have been recom...
Client book no longer a barrier to advice recruitment
17 August 2023 by Laura Dew, Money Management
With the advice industry experiencing a loss of advisers, holding a solid client book is no longer a requirement when it comes to recruitment. There has been a steep decline in the number of financial advisers in recent years but demand ...