by Adviser Ratings
Our newly released 2019 Australian Financial Landscape Report is now available. It’s one of the most comprehensive documents you’ll find that deals with issues right across the financial advice industry. Chapters include Adviser Movements and what…
by Adviser Ratings
Significant changes are being implemented to restore trust back into the sector so consumers can feel comfortable that advisers and the general banking and wealth sector are looking after their best interests. With a $2.9 trillion pool of…
by Adviser Ratings
Advisers who completed our Landscape Survey have been receiving our regional reports in recent days. We reveal a few choice snippets here from the region with the highest earning incomes across Australia. It's the band between North Sydney to…
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…