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Q3 sees second-lowest adviser exits since 2018

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9 November 2023 by Laura Dew, Money Management

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There are signs the financial advice industry is stabilising as Q3 2023 demonstrated the second-lowest number of exits and the highest number of new entrants in five years.

In the Adviser Ratings’ Musical Chairs report for the third quarter of 2023, the research firm said there were 122 new arrivals between 1 July and 30 September 2023 compared to 91 in the previous quarter.

“While there were still more exits than entries, the gap between the two figures has continued to narrow.”


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