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AMP, banks lead exodus as financial planners flee the changing industry

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12 January 2021 by Glenda Korporaal, The Australian

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Rainmaker’s figures show SMSF Advisers Network down by 91 over the year to 839, just behind AMP, but industry analyst Adviser Ratings puts SMSF Advisers ahead of AMP, estimating that the latter’s network was down to 820 by the end of 2020.
Adviser Ratings estimates that some 250 advisers left the industry in December, with many choosing the end of the year as a retirement date.


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