Industry Restructure Creates Issues For Advisers

The break-up and restructure of the large institutionally aligned advice networks is continuing to create an uncertain landscape for thousands of advisers who are looking to consolidate their place in the advice market. Advisers knowledge is also hampered because many licensees are continually renovating their offerings in light of the changing regulatory environment. For its part, ASIC is actively advocating for technological solutions to the compliance burden facing the industry in the latest edition of its regulatory technology (RegTech) symposium.