Adviser Numbers Dwindle As Big Advice Groups Lose 1 in 5 Members
13 September, 2021 by Maja Garaca Djurdjevic, SMSF Adviser
The number of adviser roles has slumped by another 8 per cent since the start of this year to 19,319, with the largest three groups representing 52 per cent of the adviser net outflow. Earlier this year, Adviser Ratings predicted only 13,...
Frydenberg Announces Probe Into ASIC Industry Funding Model
30 August 2021 by Ronald Mizen, Australian Financial Review
The corporate watchdog’s industry funding model will be reviewed to ensure it remains fit for purpose following a 50 per cent increase in the burden on business in the past three years.
How Wealth Advisers Powered Australia's ETF Boom
9 August, 2021 by Aleks Vickovich, Australian Financial Review
Investors have tipped more than $20 billion into exchange traded funds (ETFs) listed on the Australian Securities Exchange in the first half of the year alone, taking the total value of the local market to $115 billion. There were 19,116 ...
Once Mighty Bank-licensed Cohort Shrinks To 500-odd Advisers
11 August, 2021 by Tahn Sharpe, Professional Planner
Professional Planner dives into AR data powered by Adviser Ratings latest Musical Chairs report... Q2 was the first time the number of bank-licensed advisers dropped under 1,000, leaving only 575 bank-licensed advisers in that market. “T...
ASIC levy blowout to hit financial advice cost
26 July 2021 by Aleks Vickovich, Australian Financial Review
A 30 per cent hike in costs will add $1000 to an average financial adviser’s annual expense base, pushing professional advice further out of reach for many retail investors. Analysis by researcher Adviser Ratings, compiled for The Austral...
Rapid decline in financial adviser numbers sees fees rise
17 July, 2021 by John Collett, Sydney Morning Herald
The fall in numbers is putting upward pressure on advice fees. Earlier this year, ratings firm Adviser Ratings estimated fees had jumped more than 28 per cent in two years.
Finding The Right Financial Adviser: The Grass Is Greener Podcast
8 July 2021 by Tim Henry / Angus Woods
Angus Woods is the Founder and Managing Director of Adviser Ratings. He chats to us about what consumers needed from a site like Adviser Ratings and how it aims to assist in making good decisions on who you work with.
Instos Abandoned in Droves as Adviser Numbers Slip Below 20k
2 July 2021 by Sarah Kendell, IFA
The latest Adviser Ratings data showed that 112 advisers left the industry in the week to 24 June, with total numbers on the adviser register now at 19,651. Comparing adviser numbers at the industry’s peak in December 2018, the biggest lo...
One In, Ten Our: Banks Lead Adviser Outflow
May 20, 2021 by Tahn Sharpe, Professional Planner
Bank licensees bore the brunt of adviser departures in the first quarter of 2021 according to research house Adviser Ratings, continuing the trend of advisers steering away from institutional groups for their licensing needs. Furthering a...