Insigina atop a fragmented pile of licensees
20 October 2023 by Simon Hoyle, Professional Planner
Data provided to Professional Planner by Adviser Ratings, current as at October 19, shows Insignia authorises 955 financial advisers, across eight separate licensees – although how much longer Godfrey Pembroke, with its 52 advisers, remain...
Taking the reins: The burgeoning trend of micro-AFSLs
17 October 2023 by Rhea Nath, Money Management
As the advice landscape continues to shift and evolve, there’s been a noticeable trend among profitable practices to seek control of how they run their business by becoming responsible for their own licence, creating a burgeoning group of ...
BT Panorama's battle to ‘win advisers’ hearts and minds’
10 October 2023 by Laura Dew, Money Management
The decision by Westpac to retain the BT Panorama platform should be welcomed by the industry, according to platform researcher Recep Peker. According to the latest Adviser Ratings Landscape Report, BT Panorama has the highest penetratio...
Sole advice practitioners lacking business plans
6 October 2023 by Jasmine Siljic, Money Management
While business plans are a necessity to drive growth and resilience in financial advice firms, only 33 per cent of sole practitioners have one, Adviser Ratings reveals. The research firm surveyed approximately 500 advice practices, disco...
Small licensees up 17% since 2018
3 October 2023 by Keith Ford, Independent Financial Adviser
As the number of financial advisers in Australia dwindles, and AFSLs tumble with them, small licensees are the only category to be thriving. According to numbers from Adviser Ratings, there has been a 17 per cent increase in the number of...
How to choose your financial adviser
21 September 2023 by Paulina Duran, The Australian
Only one in 10 Australians has access to financial advice, despite many more needing it... Angus Woods, chief executive of Adviser Ratings, an independent financial adviser ratings agency, says while being “highly qualified” academically ...
Advice firm in pilot partnership to boost risk advice
20 September 2023 by Laura Dew, Money Management
Risk Hub has partnered with Loyalty Financial Group (LFG) on a pilot project to address the unmet advice needs in life insurance. It aims to lessen the challenges in providing risk advice, including market complexities, legislative change...
Three reasons you may need a financial adviser, and how to find one
15 September 2023 by Lucy Dean, Australian Financial Review
Australians typically seek advice for three different reasons: they’re approaching retirement; they’ve got a fair whack of cash (and don’t know what to do with it); or their life is about to change in a big way. But that doesn’t mean findi...
Lack of insurance advice leaving behind underinsured consumers
14 September 2023 by Laura Dew, Money Management
Less than half of advisers have written a life insurance policy in the last six months, according to Adviser Ratings, as Integrity Life scraps its retail advised channel. Earlier this month, Integrity Life announced it will no longer be w...