Adviser Ratings launches adviser PI offering
6 March 2024 by Jasmine Siljic, Money Management
Adviser Ratings has entered a strategic partnership to introduce a professional indemnity (PI) insurance solution, aimed at opening up adviser supply and improving trust in the industry. The wealth data platform has partnered with Numeris...
New PI insurance offering launched
5 March 2024 by Todd Wills, selfmanagedsuper
Independent ratings agency Adviser Ratings has partnered with insurance broker Numerisk to launch a professional indemnity (PI) insurance product tailored to financial advisers. The insurance product will use Adviser Ratings and Numerisk ...
Managed accounts on the rise among advisers
5 March 2024 by Shy-ann Arkinstall, Independent Financial Adviser
According to Adviser Ratings’ data, more than half (54 per cent) of advisers were using managed accounts in 2023, noting a 5 per cent increase from 2022. The percentage of advisers using managed funds has continued to increase over the la...
Adviser Ratings JV looks to address imbalanced PI market
4 March 2024 by Chris Dastoor, Professional Planner
Adviser Ratings has partnered with insuretech Numerisk to argue the case for high quality advisers to show they are less of a risk to insurance suppliers, in a bid to solve the issue of rising PI insurance costs. The joint venture aims to...
Culture is king: Retaining PY talent in advice
4 March 2024 by Jasmine Siljic, Money Management
Retaining new entrants in the advice industry as they complete their Professional Year is a key focus for advice firms in 2024, while younger generations increasingly value workplace culture more than ever. Adviser Ratings’ Musical Chairs...
Managed accounts see 50% rise in adviser usage
27 February 2024 by Laura Dew, Money Management
More advisers than ever are using managed accounts with their clients, according to Adviser Ratings, with the sum rising to 54 per cent last year. In 2023, 54 per cent of advisers surveyed said they were using managed accounts for all or ...
Gap in advisers writing life insurance growing
14 February 2024 by Keith Ford, Independent Financial Adviser
In its latest edition of the Adviser Musical Chairs Report, Adviser Ratings found that just 480 advisers were responsible for writing half of the new business during 2023. The reason for this, according to Adviser Ratings, is the Life Ins...
Resumption of advice licensees on the rise
12 February 2024 by Independent Financial Adviser
Last week, Adviser Rating’s new report revealed that there were three departures for every new adviser in the last quarter of 2023. Namely, 264 exits were recorded in the period between October and December, suggesting that correcting the...
Self-licensing to remain strong trend in 2024
9 February 2024 by Laura Dew, Money Management
There remains a “strong appetite” for solo operators in the financial advice space, according to the latest quarterly Adviser Ratings’ Musical Chairs Report. In its latest report, the firm said 57 per cent of new Australian financial ser...