Almost 80 per cent of advice practices are aiming to grow their client base but will struggle to service the additional business as the market for advisers is getting more competitive according to Adviser Ratings.
Despite over 12,000 financial advisers leaving over the last four years, Adviser Ratings reveals that almost a quarter are thinking of following suit in 2023.
After losing more than 12,000 advisers over four years, the industry needs to prepare for continued declines, according to Adviser Ratings.
While the industry is still a way from seeing growth in adviser numbers, the steepest declines appear to be behind it, according to Adviser Ratings’ Adviser Musical Chairs Report for Q4 2022.
2023 looks set to deliver significant change on the back of previous years, which have been characterised by a shrivelling workforce, compliance pressures and heightened education standards. Advisers have given an inside look at some of th...
As the financial advice industry awaits the Federal Government’s response to the Quality of Advice (QOA) Review, many hope for a proper ‘reset’ rather than selective implementation of recommendations around digital advice
2023 looks set to deliver even more change for advisers – including technological transformation and cost-of-advice tension, according to Adviser Ratings.
Further fee rises and embrace of new technology are some of the key trends likely to dominate the advice industry in 2023, according to Adviser Ratings.
High numbers of clients are seeking one-off advice, according to Adviser Ratings. With the economic developments and financial support packages in COVID-19 such as JobKeeper and early access to superannuation, the number of clients seekin...