AMP doubles down on self-licensee support services
15 December 2023 by Jasmine Siljic, Money Management
AMP has revitalised its Jigsaw Advice Solutions business to provide expanded add-on services to self-licensed financial advisers. Earlier this year, Adviser Ratings found small licensee groups of one to 10 advisers have seen a 17 per cent...
Cost-of-living crisis sidelines ESG investment
11 December 2023 by Jasmine Siljic, Money Management
Investors are increasingly prioritising long-term financial stability over ESG investment as the cost of living bites, contrasting previous research. New research from Adviser Ratings has revealed that Australians are keeping their sights...
Declining profitability and the woes of risk advice
5 December 2023 by Zilla Efrat, Professional Planner
Holistic advisers are shying away from writing more risk, meaning that a mere 493 advisers wrote half of all life policies this year. But what’s behind this trend that could potentially lead to huge underinsurance among Australians? The 4...
Financial advice gap to remain despite government’s efforts to plug it
29 November 2023 by John Collett, The Sydney Morning Herald
The number of financial planners in Australia appears to have stabilised at almost 16,000, following a decline of about 12,000 since 2019’s peak, but changes underway by the federal government may only be partially successful in plugging t...
The two smaller platforms vying for advisers’ assets
27 November 2023 by Laura Dew, Money Management
Adviser Ratings has identified two smaller platforms, which are making inroads in challenging established players in the market, as switching movements heat up. “We are seeing intended flows still heading to HUB24 and Netwealth, with BT P...
WT Financial Group picks up Millennium3 for $2m
21 November 2023 by Simon Hoyle, Professional Planner
Listed licensee group WT Financial Group has acquired the Millennium3 Australian financial service licensee from Insignia for $2 million. WTFG chief executive Keith Cullen tells Professional Planner the deal was opportunistic after Insi...
Bridging the adviser shortage one entrant at a time
20 November 2023 by Jasmine Siljic, Money Management
Two industry professionals have shared the vital role of graduate programs in attracting new entrants into the financial advice profession. Earlier this month, Adviser Ratings’ research revealed signs that the advice industry is stabilisi...
COG pulls Diverger offer after lack of shareholder support
15 November 2023 by Simon Hoyle, Professional Planner
Conceding there is a lack of interest from key Diverger shareholders, COG has formally withdrawn its counteroffer for the listed licensee. After the Count takeover was announced in September, Diverger was punted squarely into play by the ...
Striver to expand recruitment drive after success with Brimstone
14 November 2023 by Chris Dastoor, Professional Planner
Following its inaugural Brimstone event in Sydney in September, Striver will expand interstate in 2024 with new dates after feedback from students at the event suggested 85 per cent would consider advice as a career path. Striver communit...