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The War For Advice Talent Gets a Booster Shot

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24 November, 2021 by Lena Ridley, Professional Planner

Article link: https://www.professionalplanner.com.au/2021/11/the-war-for-advice-talent-gets-a-booster-shot/

Much has been written about the decreasing adviser numbers due to this perfect storm. According to Adviser Ratings, adviser numbers have fallen below 19,000 in 2021 from a peak of over 28,000 in 2018. Our great resignation, it seems, has been going on for years.

Add in the non-pandemic financial services events of the past couple of years. The industry has faced the sale or exit of large institutional licensees and the closure of bank advice channels. We’ve seen increasing costs to serve from the additional documentation required by latest regulations. Deadlines are looming from the rising educational standards.


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