Will the QOA recommendations reset digital advice?
31 January 2023 by Rhea Nath, Money Management Magazine
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
Big Adviser Themes for 2023
31 January 2023 by Risk Info
2023 looks set to deliver even more change for advisers – including technological transformation and cost-of-advice tension, according to Adviser Ratings.
The major trends expected in financial advice in 2023
30 January 2022 by Rhea North, Money Management Magazine
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.
No let-up seen in one-off advice clients
24 January 2023 by Laura Dew, Money Management
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...
Jump in proportion of advisers switching licensees
13 January 2023 by Chris Dastoor, Professional Planner
Fewer advisers moved between licensees last year, but in a shrinking industry the proportion of advisers moving has increased. According to analysis from Wealth Data and Adviser Ratings, 1595 advisers switched licensees last year, which tr...
Privately licensed universe now makes up two-thirds of licensees
12 January 2023 by SMSF Adviser
According to Adviser Ratings, in the last five years, there have been numerous changes to the makeup of the advice market, with today’s advisers largely occupying the growing privately licensed universe, which now makes up almost two-third...
100k consumers orphaned as adviser numbers dwindled
10 January 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
Adviser Ratings has predicted that with the recent exodus of advisers, as many as 100,000 consumers have either stopped seeing an adviser or were orphaned. In an analysis piece published by the firm late last year, Adviser Ratings said th...
ATO throws troubled wealth sector a tax lifeline
10 January 2023 by Aleks Vickovich, The Australian Financial Review
Wealth management firms are hopeful that a new Australian Taxation Office review could expand the financial advice services eligible for tax deductibility and make them more affordable, amid a 40 per cent blowout in median fees in three ye...
How to avoid million-dollar mistakes in retirement
6 January 2023 by Duncan Hughes, The Australian Financial Review
The advice dilemma is worsening as the super industry scrambles to meet a surge in the number of retirees and the number of registered financial advisers slumps to less than half of what it was before the Hayne royal commission in 2018, ac...