Over 1 in 10 Aussies plan to pass down $1m and more
17 May 2024 by Jasmine Siljic, Money Management
Australia’s looming intergenerational wealth transfer remains a crucial opportunity for financial advisers, with 14 per cent looking to transfer $1 million or more. Recent findings from Adviser Ratings revealed the amount of funds which c...
Are financial advisers ‘at risk’ from AI disruption?
16 May 2024 by Jasmine Siljic, Money Management
Financial advisers may be at “high risk from AI disruption”, but industry commentators say such technologies will enhance the role of an adviser, rather than replace them. Research from Adviser Ratings last month found 47 per cent of advi...
Advisers moving to self-licensing for flexibility and autonomy
15 May 2024 by Shy-ann Arkinstall, Independent Financial Adviser
More advice practices are moving away from large dealer groups, instead opting for self-licensing, in search of greater independence and autonomy within their businesses, according to the head of an insurance and risk advice firm. Adviser...
Advisers challenged by capacity, shrinking talent pool
14 May 2024 by Malavika Santhebennur, Independent Financial Adviser
While there is renewed confidence in advice, businesses are at full capacity while facing talent shortage, a business consultancy specialist said. Data from Adviser Ratings last year revealed that almost 3,000 advice practices have shut s...
Weighing up the risks and benefits of self-licensing
13 May 2024 by Jasmine Siljic, Money Management
Numerisk managing director and founder Richard Silberman examines the risk considerations for financial advisers looking to take the plunge into self-licensing as well as the legal ramifications. “The Australian practice ecosystem now mai...
How should advice practices charge their clients?
10 May 2024 by Jasmine Siljic, Money Management
Two separate research studies have discovered the majority of advised clients prefer to pay a flat fee for financial advice, while unearthing how much they are willing to pay. Adviser Ratings’ latest consumer survey also determined how mu...
Adviser recruitment falls down the priority list
7 May 2024 by Jasmine Siljic, Money Management
Two industry executives have highlighted why financial advice practices are less focused on adviser recruitment, as firms grow their capacity to service more clients with less staff. Adviser Ratings’ Musical Chairs Report for Q1 2024 rece...
Advice firms looking to grow a specialised client base: Report
6 May 2024 by Shy-ann Arkinstall, Independent Financial Adviser
A new report from Adviser Ratings revealed more advice firms are actively working to increase their client load, focusing on a specific demographic. According to Adviser Ratings’ latest Musical Chairs Report for Q1 2024, the number of adv...
85% of advice practices are privately owned
3 May 2024 by Jasmine Siljic, Independent Financial Adviser
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices. Adviser Ratings’ latest Musical Chairs Report fo...