Advisers told to adjust to new economic reality
24 May 2023 by Keith Ford, Independent Financial Adviser
In the wake of the global financial crisis, a prolonged period of low inflation and historically low interest rates followed. However, with inflation soaring and interest rates subsequently rising, advisers will now face the challenge of g...
Investors at risk of making ‘costly mistakes’ amid advice access constraints
19 May 2023 by Charbel Kadib, Money Management
Data published by Adviser Ratings in 2022 revealed average ongoing advice fees increased 41 per cent in the three years to 2021, from $2,510 to $3,529.
Poll reveals 3 in 4 advisers support final QAR report
18 May 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
Speaking on a webcast hosted by the Financial Services Council (FSC) last week, Financial Services Minister Stephen Jones revealed that he would formulate the government’s response to the Quality of Advice Review (QAR) by early June. To c...
FAAA is ‘really concerned’ about risk advice, says Abood
17 May 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
The chief executive officer of the Financial Advice Association Australia (FAAA), Sarah Abood, has revealed that the life risk advice space is on the association’s advocacy agenda. Last year, research from Adviser Ratings showed that ther...
65% of advisers are privately licensed
16 May 2023 by Keith Ford, Independent Financial Adviser
According to the latest Adviser Ratings Musical Chairs report, which was released on Monday, as at the end of March, there were 10,233 privately licensed advisers, accounting for the bulk of the profession. Breaking the numbers down furth...
Best Performing Life Insurance Providers Named
9 May 2023 by Risk Info
Technology and ratings firm, Adviser Ratings, has announced its life insurance Adviser Choice awards, which it says reveals the industry’s most trusted retail life insurers. Adviser Ratings says that PPS Mutual took the top spot, while Ne...
Superhero to launch adviser platform
3 May 2023 by Lucy Dean, Australian Financial Review
Online share trading platform Superhero will launch an adviser platform in the second half of 2023 in a bid to meet the needs of its maturing Millennial retail investor base, co-founder John Winters said. While Superhero will not offer ad...
HUB24 expands holistic offering with myprosperity acquisition
3 May 2023 by Chris Dastoor, Professional Planner
In a move to further expand a holistic advice offering, platform provider HUB24 has acquired tech integration service myprosperity. The latest Adviser Ratings landscape report found HUB24 led the way in every category it measured the perf...
What does the average Australian adviser look like?
3 May 2023 by Keith Ford, Independent Financial Adviser
Last week, Adviser Ratings released its 2023 Australian Financial Advice Landscape report, which provides a snapshot of the wealth management industry. According to the report, the average age for an Australian adviser has dropped from 51...