Licensee Changes Now a Fact of Life for Advisers

The release of the banking Royal Commission’s final report, due out on February 1, has the potential to radically change large parts of the Australian financial services landscape. The commission is expected to recommend changes around adviser remuneration that could affect most facets of their revenue. To grasp the magnitude of the potential change, it is useful to look at just one of the key adviser relationships that may be affected, that of the licensee.