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What does the average Australian adviser look like?

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3 May 2023 by Keith Ford, Independent Financial Adviser

Article link: https://www.ifa.com.au/news/32719-what-does-the-average-australian-adviser-look-like

Last week, Adviser Ratings released its 2023 Australian Financial Advice Landscape report, which provides a snapshot of the wealth management industry.

According to the report, the average age for an Australian adviser has dropped from 51 years old in 2021 to 49 years old in 2022, while the average salary has improved 7.4 per cent from $135,000 to $145,000 over the last 12 months.

“In 2022, the population of registered retail advisers reached a new low of 15,819,” the report said.

“In this same year, the number of advisers fell across all advice segments, except privately-owned (1-10), which grew 1 per cent, and privately-owned (100+), which slightly increased by five advisers only.


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