In Brief: July Edition
Who are Australia’s top 50 financial advisers?
Self-licensing debate must consider tribalism effect
The reinvention of financial advice
Reuters: How a powerful inquiry upended one of Australia's grandest companies
Beware 'micro self-licensed' financial planning businesses
Euro News: How a powerful inquiry upended one of Australia's grandest companies
Money News - Adviser Ratings
Here’s why so many advisers are looking for new licensees
Adviser Ratings expands business with string of new appointments (1)
New website touts more transparency in financial planning, but what about brokers?
Dover Financial Group calls in outstanding debts from financial planners
Dover Financial Planning shutdown puts $4 billion of client's money in limbo
UBS says AMP, IOOF exposed to 'significant adviser attrition' due to education overhaul
Self-licensing to stretch firms and regulator
Better data key to adviser accountability
Consumers lack awareness of insto ownership
Opinion – Budget 2017: bank shaming or politics as always?
Sunlight test gets the ethical ball rolling
Ethics must start with industry commitment
Royal commission will go ahead: Murray
New website launches to help advisers to promote their services and monitor clients
Adviser Ratings launches Google reviews
Griffith Uni, FPA to publish adviser journal
The questions you need to ask before you pick a financial adviser
Royal flush: 15 questions to ask a financial adviser now
How to sniff out a bad financial adviser
SelfWealth pokes holes in adviser directories
Life sector recommendations derailed
Advisers looking to switch, eye-up IOOF
AFA says Adviser Ratings not a threat
Adviser register ‘needs more substance’
RN - New website allows financial adviser ratings
Over 19,000 advisers list on ASIC register
Adviser Ratings enables peer endorsements
AMP groups dominate Adviser Ratings sign-ups
Adviser Ratings attracts equal interest from instos, independents
Adviser Ratings to expand into education
Licensees to be ranked on adviser site
Adviser Ratings taps into small business
Getting good advice
How to prepare your Christmas budget like a financial adviser
Adviser Ratings inks deal with small businesses
2UE - TripAdvisor for Financial Planners (Podcast)
Consumers looking for advice they can trust
Govt register to ‘overshadow’ Adviser Ratings
Review website responds to broker concerns
Adviser Ratings reveals data source
Adviser Ratings website to launch paid options
FPA questions Adviser Ratings
What UK IFAs can learn from Australia’s Royal Commission
Competitor, consumer or corporate watchdog: who should handle your details?
Top broker debunks new financial adviser service: Adviser Ratings
New website rates financial advisers/planners for the first time
Rate and review your financial adviser with new website: adviserratings.com.au
Fintech and cybersecurity delegation to head to London
Adviser Ratings makes two senior hires
Exit plan: Financial advisers gearing up to leave the industry
Adviser Ratings Secures Referral Partnership
Adviser Ratings Signs Exclusive Referral Partnership Scheme With Small Business First
CFP exodus not in the numbers
Top 10 biggest financial investment mistakes and how to avoid them
Adviser Ratings releases insurer survey
Netwealth: A podcasts series for Advisers, speaks with Angus Woods and Mark Hoven Regarding Feedback Tools
Adviser Ratings to cover brokers
Adviser Ratings review website to put the spotlight on financial planning industry
How to bridge the trust gap
Adviser Ratings grows team
Adviser Ratings expands business with string of new appointments
Open Letter to Anthony Albanese and Scott Morrison
Quality of Advice Review presents opportunity to ‘rebuild adviser numbers
$900bn of wealth soon up for grabs: Research
Advisers Seeking More Industry Support Due To 'Broadened' Network
Labour Backs Advice Affordability
Adviser Ratings’ Landscape Report illustrates impacts of Falling Adviser Numbers – With Further To Go
But At What Cost To The Consumer?
Advisers Told 'Biggest Shake-Up' May Result From Advice Review
Specialist Risk Adviser Numbers Revealed
SMSF Advisers More Likely To Use ETF's Than DIY Investors
Meet The Under-45s Dubbed The 'Emerging Affluent'
6:1 Ratio Of Departing Advisers Versus New Entrants
Over 2,000 More Advisers Predicted To Exit Industry In 2022
On The Money: 2ser 107.3 Speaks With Mark Hoven Regarding Adviser Exits
'Think Like ASIC' to Pass Adviser Exam
Wealth Platforms Claw $3.3b as Wexit Frees Up Market
100,000 Quit Financial Advice As Fees Jump Another 8pc
Exam Extension Wasn't A Popular Move: ARdata
Demand Fuels Super Fund Launch Of Robo-Advice
Rural Wealth Advisers Cheer Labor's Education Promise
ASIC, Consumer Groups Back Efforts To Simplify Financial Advice
Adviser Numbers Drop Below 19,000
Small Advice Firms Networking Is ‘Powder Keg Waiting To Explode’
Wealth Advice Model Is ‘Broken’
Money Management: Could 50% of Advisers Exit Industry?
The Financial Advice Solution That Cuts Out Advisers
Robo Guidance Gathers Pace As Advice Fees Soar
The War For Advice Talent Gets a Booster Shot
Exodus Improving Adviser Quality: ARdata
Financial Advice A Loss-making Business: KPMG
Private wealth enjoys its ‘best conditions in 30 years’
Clock Ticks For Planners Yet To Pass Compulsory Test
The ‘Pincer Movement’ For Financial Advisers
9 Questions To Ask A Financial Adviser (Before Hiring One)
Adviser Numbers Dwindle As Big Advice Groups Lose 1 in 5 Members
AMP loses financial advisers to privately owned licensees
How Perpetual is Building The ‘Freehills’ Advice Model
Frydenberg Announces Probe Into ASIC Industry Funding Model
How Wealth Advisers Powered Australia's ETF Boom
Once Mighty Bank-licensed Cohort Shrinks To 500-odd Advisers
ASIC levy blowout to hit financial advice cost
Rapid decline in financial adviser numbers sees fees rise
Finding The Right Financial Adviser: The Grass Is Greener Podcast
Instos Abandoned in Droves as Adviser Numbers Slip Below 20k
One In, Ten Our: Banks Lead Adviser Outflow
Financial Advice Too Expensive For Many Consumers
Adviser exodus to leave $900b in limbo
Which Licenses Are Shedding Advisers Fastest?
13,000 or 16,000? Industry Questions Adviser Low-point Estimate
Adviser numbers to plummet by 30%
How to get financial advice without forking out $3000
ASIC extends red tape rollback for financial advice
Financial adviser workforce set to halve by 2023
How robots could bridge the wealth gap
Could the Adviser Exodus be Turning Around?
What's the Future for Financial Services?
Hoven to Depart Adviser Ratings
Mass Financial Adviser Exodus Puts $900 Billion in Play
Small business groups urge the federal government to offer $5,000 financial advice subsidies to SMEs
Adviser decline approaches crisis point
ADVICE FEES JUMP OVER 20%
Advice industry emerges from the fog
Adviser Outflows Slow, Zombie Licences Grow
Dramatic Rise in Advice Fees as Planner Numbers Dive (1)
Dramatic Rise in Advice Fees as Planner Numbers Dive
MID-TIER GROUPS BENEFIT AS INDUSTRY EXODUS CONTINUES
AMP, banks lead exodus as financial planners flee the changing industry
DATA REVEALS ‘BIG UPTICK’ IN ADVISER EXITS
Adviser Ratings builds new technology to bring change to financial advice market
Financial Planner Register Pre-Empts Government Site
Callaghan Hands Retirement Product Providers a Super Lifeline
Accountants, not advisers, selling up amidst struggles
EXITS, SWITCHES PICK UP AS YEAR-END DRAWS NEAR
Advice Industry Needs to Promote Itself: FASEA
Adviser Ratings unveils ASX adviser tool
Adviser Ratings completes ASX Find An Adviser tool
How Financial Advice can add 5.2pc to your Bottom Line
How Aussie Advice Fees Compare to Global Markets
The fee evolution: Time to put a real price on your advice
Adviser Ratings acquires CRM boutique
Spotlight on Licensees to Benefit Consumers & Good Advisers
Crowded platform market ripe for consolidation
The New Face of Stockpicking
Big banks' wealth exit aids Hub24 tailwinds
Professionals exit but demand for financial advice still strong (3)
Professionals exit but demand for financial advice still strong (2)
Professionals exit but demand for financial advice still strong (1)
Covid Pressure Sees Boutique AFSLS Abandon Ship
Professionals exit but demand for financial advice still strong
Less Than One in Three Advice Graduates Enter the Industry
$120BN in Client Money Abandoned as Advisers Walk Away
How to Protect Clients While the Industry Grows Up
Self-Licensing on the Rise as Dealer Group Fees Surge
InFocus: Increasing access to simpler, specific advice on the issues that matter most
Industry lags on pitching advice as a career
Accountants lead mass adviser exit as FY20 wraps up
HOW TO SPEED UP YOUR BUSINESS GROWTH WITH ONLINE REVIEWS
MASS EXODUS OF ADVISERS AS FY20 WRAPS UP
Clever Money: Save $10,000 without taking out your super
Super Funds to Pick Up Where Banks Left
A tough fix for financial advice
Financial planners granted more time to take and pass exams
Koch buys into Adviser Ratings
Adviser numbers tipped to halve by end of 2021
AMP, IOOF dodge mandatory exam bullet
Financial advisers get last minute lifeline on exams
Adviser exam delay puts $900b in investor funds at risk
ADVICE INDUSTRY TO HALVE BY END OF 2021
Licensing models get the tug-of-war treatment
Seller beware: All capital comes with strings attached
Renewed push for overhaul of financial adviser licensing
SINGLE PRACTITIONER FINANCIAL PLANNING PRACTICES – THERE’S LIFE IN THEM YET
16,000+ Advisers Still to Sit FASEA Exam
ASIC planners deadline looms
Coronavirus delays standards regime changes for the financial advice sector
ADVISERS RECONSIDER RETIREMENT AS EXODUS SLOWS
AMP adviser workforce drops below 2000
How Westpac threw a spanner in the wealth-exit works
Robo-adviser waives fees to prevent market 'gambling'
Beyond pricing: the real battle for platform supremacy
Advice fee capped at $300 for early super release
Inside H&R Block's plan to bring financial advice to the masses
Planners, accountants resume hostilities as advice rules relaxed
Perfect storm: Australia's growing financial advice gap
Chris Zinn explains what to look for in an adviser
NAB slashes financial adviser licence fees to zero
Ausbiz prepping for late March launch with all-star finance team
ANZ axes 230 jobs, guts wealth business
Deloitte executive jumps ship to lead wealth firm's accounting push
Govt in denial re industry challenges including unaffordable advice & need for financial literacy education
Has CountPlus found the formula for profitable financial advice?
Adviser Exodus To Worsen In 2020: Synchron
KKR-backed US outfit buys stake in Melbourne wealth firm
Sharp drop in Australian adviser numbers: report
Clients left in limbo as financial advisers head for the exits (2)
Adviser roll flawed
Clients left in limbo as financial advisers head for the exits (1)
Lowest Adviser Numbers Since 2015
Clients left in limbo as financial advisers head for the exits
Adviser Numbers Drop To Four-Year Lows
Call to slap capital buffers on small financial firms
Post-Hayne chaos may yet sink financial advice industry
CBA mass exodus hits private bank
Aberdeen Standard, Hub24 target financial advice orphans
Super funds hold antidote to rising financial anxiety
Why Netwealth will survive the coming wealth disruption
How to Choose a Financial Adviser
Major banks slammed for abandoning wealth
Over 3,000 Advisers have left institutions, New Data Reveals
AMP and IOOF: Last men standing or dead men walking?
Why big banks’ private wealth advisers want to break free
Bells and whistles: Macquarie to offload private wealth back-end
ASIC slugs super funds, advisers, brokers with surprise levy blowout
Adviser exodus stalls… for now
Former AMP, NAB financial adviser banned
Robo advisers over-confident of post-Hayne success
Netwealth, Hub24 face 'wave of disruption': UBS
Backing grows for Adviser Ratings
Financial Advisers Leaving In Droves
More Advisers on the Move
Australia Loses 700 Advisers in Just One Quarter
ADVISER NUMBERS CONTINUE TO DECLINE: ADVISER RATINGS
Financial Adviser Movements Spike 70pc
Trusting Advisers More Than Instos is ‘Human Nature’: APN Group
IOOF Misses Bank Exodus Opportunity
ASIC’s Shipton Flags 2020 Advice Gap Project
Kylie Merritt Launches an Australian Live Streaming Business Channel
David Koch is Launching a New Live Stream Australian Business Service
Life insurance reforms long overdue
IOOF to Shut Down Elders Financial Advice Venture
Mid-tier Licensees to Grow: HUB24
HUB24’s Alcock Backs Mid-tier Licensees
Funds Fail on Advice Outcomes
Why it Pays to get Life Insurance in your 30s
The (new) Future of Financial Advice
'Get over it, go broke, move on': Financial planners rocked by banks' exit
Advisers Consider the Next Chapter
Adviser Numbers Head South
Adviser Numbers Drop for Second Quarter in a Row
Adviser Ratings welcomes Trowbridge report
2GB, Interview on Adviser Ratings
Financial Advisers Call Time on their Careers as Tougher Rules Bite
Australia Loses 2,825 Advisers in Only Six Months
Thousands Leave Financial Advice Industry
Financial Advisers are Backing a Crowdfunding Campaign for an $11 million Independent Ratings Startup
Financial Advisers Quit Industry After Hayne Shake-up
AMP Advisers Prepare for Big Shake-up, Job Cuts
2,825 Advisers Gone as Migration Patterns Emerge
Adviser Ratings Expands Smart Tools Services
Financial Advisers Fear Fire Sales as Valuations Collapse
Aussie Financial Advisers Join Rating Agency Fundraiser
Adviser Ratings assembles 'devil's dictionary'
Where the bloody hell is AMP's strategy?
Advisers Encouraged to Fund Hayne Commission Fixes
Adviser Ratings Launches Crowd Funding Campaign to Improve Transparency
Peter Kell Joins Ratings Commission Panel
Adviser Ratings Launches Transparency Campaign
Adviser Ratings Seeks to Crowd Fund Growth
Where We’re Going Wrong with Client Onboarding
Adviser Ratings Predicts ‘Upsurge’ in Failed Licensees
New Data Points to Homeless or Exiting Advisers
Tough Times Before the Mast as AMP Voyages to the New World
Adviser Ratings boosts financial fluency
New Licensee Rating System to Launch
Financial Adviser Ratings Step Up as Trust Deficit Grows
Adviser Ratings Unveils New Rating System (1)
External Ratings Committee Formed to Ensure Transparency in the Financial Services Sector
Planners to be Rated on Quality of Advice
New Financial Adviser Competency Rankings Out Soon
Royal Commission has Identified Thousand of Breaches
Why Kenneth Hayne didn’t call for ban on Household Expenditure Measure
David Koch: Bank Inquiry Recommendations will have Far Reaching Impact
Netwealth Forms Wealth Data Partnership
Adviser Ratings revamps website in prep for FAR launch
Millennials Seeking Financial Advice from Millennials
IFAs Benefiting From RC Fallout
Solving the Biggest Problem with Traditional Financial Advice
Robo-advice Comparison Site Launches
Women Shun Financial Advisers in Favour of Money Advice from Robots (4)
Women Shun Financial Advisers in Favour of Money Advice from Robots (3)
Women Shun Financial Advisers in Favour of Money Advice from Robots (2)
Women Shun Financial Advisers in Favour of Money Advice from Robots (1)
New Register of Financial Advice Platforms Launches (1)
Adviser Ratings Launches Robo-Adviser Review Platform (1)
FSI adviser recommendations a good start but much work to do
Consumers Invited to Rate Robo Advisers
Women Shun Financial Advisers in Favour of Money Advice from Robots
Would You Trust a Robot with Your Finances?
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Adviser Ratings Launches Robo Register
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Direct-To-Consumer Robo-Advisers Expected to Grow 43% p.a to 2022*
Adviser Ratings Launches Robo-Adviser Review Platform
Robo-Advice Register Aims to Bridge Client Service Gap
New Register of Financial Advice Platforms Launches
Register may find all financial planners are equally beautiful
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Fintechs, Koch Clash Over Branding
5 Most Annoying Questions a Money Expert Gets Asked
TripAdvisor-style rating system for financial advisers
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Licensees to be Publicly Rated Under New Proposal
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300 AMP financial advisers are on notice amid a corporate watchdog probe
How to choose the right financial adviser
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BELEAGUERED FUND MANAGER AMP PUTS 300 ADVISERS ON NOTICE
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Factor in the robo-advice
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Dramatic Rise in Advice Fees as Planner Numbers Dive
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2 February 2021
by
John Collett, SMH
Article link:
https://www.smh.com.au/money/planning-and-budgeting/dramatic-rise-in-advice-fees-as-planner-numbers-dive-20210129-p56xsb.html
The median fee per client at the end of 2018 was about $2500, rising to about $2800 a year later, a rise of 12 per cent, according to a survey conducted by Adviser Ratings. Fees rose by a further 16 per cent in 2020 to about $3240.
“Advisers are charging more because their costs are going up rapidly, there is growing demand for advice as baby boomers move into retirement and there are fewer planners,” says Mark Hoven, chief executive at Adviser Ratings.
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