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Resumption of advice licensees on the rise

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12 February 2024 by Independent Financial Adviser

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Last week, Adviser Rating’s new report revealed that there were three departures for every new adviser in the last quarter of 2023.

Namely, 264 exits were recorded in the period between October and December, suggesting that correcting the balance could be an “ongoing challenge” for the profession, even in the presence of new advice models.

Adviser Ratings put the final 2023 adviser count at 15,634, with the largest cohort or 4,193, operating in one of the 1,518 privately owned licensees that boast one to 10 advisers.


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