Advice firms taking a ‘cautious’ approach to growth
23 August 2024 by Shy-ann Arkinstall, ifa
According to Adviser Ratings, a recent survey indicated that 41 per cent of advice businesses are planning on keeping roughly the same number of advisers, up from 37 per cent in 2023.
Strong revenue drives staff growth for advice practices
22 August 2024 by Jasmine Siljic, Money Management
The majority of financial advice practices enjoying revenue growth have intentions to grow their adviser teams, indicating a strong correlation between the two factors.
Adviser numbers stabilise, only 1% drop in Q2 2024
16 August 2024 by Shy-ann Arkinstal, IFA
After five turbulent years following the royal commission in 2019, the latest Adviser Ratings report reveals signs of relative stabilisation for the advice profession.
The licensees that led Q2 adviser growth
15 August 2024 by Jasmine Siljic, Money Management
Adviser Ratings has uncovered the top 10 financial advice licensees for growth and losses in the second quarter of the calendar year.
AMP deal shows the real value is in advice, not licensing
8 August 2024 by Chris Dastoor, Professional Planner
AMP’s deal with Entireti adds further proof that it is better to be in the business of advice than licensing. As part of its half-year results announcement to the ASX on Thursday morning, AMP unveiled a strategic partnership with Entireti ...
What it will take to bring advisers back to life
5 August 2024 by Beata Kuczynska, Professional Planner
Cast your mind back to 2017. The life insurance space was flourishing. The average Australian had relatively easy access to a financial adviser who could provide affordable advice. Not anymore.
Advisers shed clients but maintain profitability with rising fees
30 July 2024 by Chris Dastoor, Professional Planner
Professional Planner: Fee hikes have created more “manageable” books, with the average number of clients per adviser now under three figures. The findings come as recent data from Adviser Ratings and Iress also show the best practices in t...
Consumers locked out of financial advice as fees keep rising
24 July 2024 by John Collett, Sydney Morning Herald
An increasing number of people seeking financial advice to help them navigate complex rules and regulations, particularly around retirement planning, are being locked out of advice as financial adviser fees continue to climb. Figures from ...
Advice industry remains stable: Report
24 July 2024 by Shy-ann Arkinstall, ifa
A new quarterly report by Adviser Ratings reveals the advice profession remains relatively stable despite the continued outflow of advisers. According to Adviser Ratings’ 2024 Q2 Database Report, the number of advisers dropped in July last...