by Adviser Ratings
There are concerns that the advice industry is in the midst of a perfect storm of rising costs that will ultimately make accessing advice unaffordable for the majority of Australians. Increasing regulatory and compliance costs, rising PI insurance…
by Adviser Ratings
The Government recently released draft legislation to implement 22 recommendations from the Banking Royal Commission. Early feedback indicates many in the industry remain concerned about the impact the new legislation will have on profitability of…
by Adviser Ratings
More than 30 percent of all advisers in the industry were on the move in 2019 alone. They either ceased advising, switched licensees or returned to advice. The movements of advisers and structural change in the industry is unprecedented and ongoing.…
by Adviser Ratings
This week ASIC released an update on compensation for financial advice related misconduct for six of Australia's largest banking and financial services institutions. Although the amount paid or offered to clients is nearly $750 million, the…
by Adviser Ratings
With the release of our Q4 2019 Musical Chairs report on adviser movements in the financial advice industry, we also thought it might be interesting to look at some of the trends for the entire year. Overall 2019 was a massive year for movements in…
by Adviser Ratings
With 3 out of every 5 advisers now part of privately-owned licensees, it’s worth noting the changing make-up of this part of the licensee market. It is no longer appropriate to think of the privately-owned sector as one homogenous group, but rather…
by Angus Woods
Who have the highest earning incomes across Australia? It's the band between North Sydney to Hornsby in Sydney, above the so-called "latte line", a term now commonly used by town planners & economists.
by Adviser Ratings
What should advisers expect from the changing nature of the Licensee business model? The emergence of different licensee models reflects an industry in both crisis and regeneration. The rigidity of licensee models of the past is being replaced by…
by Adviser Ratings
Rising costs, revenue pressures and regulatory change are all contributing to the restructuring of the advice industry. We have seen large numbers of advisers moving around within the industry or exiting it altogether. These same pressures are…