An overhaul of financial advice aims to make it cheaper, but will it erode consumer pro...
12 October 2022 by Rhiana Whitson, ABC News
The draft Quality Advice Review released for consultation last month largely backs industry concerns that over-regulation has made financial advice too expensive for most Australians to access. Just over 10 per cent of consumers, or 1.9 m...
Advisers look to teams as they face new challenges in sector
23 September 2022 by Matt Barthel, The Australian
A Top 100 listing with 108 names on it? What gives? A lot has changed since venerable US investing magazine Barron’s first joined with The Australian to publish financial adviser ratings in 2017. Most obviously, and perhaps ominously, the...
Adviser exodus sparks significant pay rise
5 September 2022 by Maja Garaca Djurdjevic, Independent Financial Adviser
Significant salary increases across all levels of financial advice have been witnesses as a direct result of diminishing adviser numbers, increased client referrals and business exits, according to new research by Kaizen Recruitment. Accor...
What Would You Pay for Financial Advice?
2 August 2022 by Robin Bowerman, Australian Financial Review
With wars, falling sharemarkets, rising inflation, lower property prices, higher interest rates and super balances taking a hit, the new financial year is rife with challenges for investors. But hidden among the various market ructions is...
‘Technique not technical knowledge’ preventing exam success
21 July 2022 by Chris Dastoor, Professional Planner
Technique rather than technical knowledge is the issue holding back exam candidates that struggle to pass the adviser exam, according to former FASEA national exam manager Farrell Platt. Speaking on a webcast hosted by the Association of F...
Last chance to Register For Adviser Exam Before Extension Deadline
12 July 2022 by Chris Dastoor, Professional Planner
ASIC is reminding financial advisers to enrol for the final adviser exam sitting ahead of 1 October 2022 extension deadline. Former financial services minister Jane Hume announced last year that advisers who failed the FASEA exam twice bef...
Over 2.5k advisers depart during the last 12 months
7 July 2022 by Chris Dastoor, Professional Planner
The FY22 financial year has seen 2,671 advisers leave the industry according to figures from Wealth Data. At the start of the financial year there were 18,948 advisers on the ASIC Financial Adviser Register, which decreased to 16,277 by 30...
Local MD Predicts Adviser Numbers Will Shoot Back To 25,000 In ’10-15 years’
27 June 2022 by Neil Griffiths, Independent Financial Adviser
ClearView managing director Simon Swanson has boldly predicted that the number of advisers will increase significantly over the next 10 to 15 years. Mr Swanson’s comments come after a report by Adviser Ratings released in April predicted t...
Improved pass rate for adviser exam
20 June 2022 by Chris Dastoor, Professional Planner
The second iteration of the ASIC adviser exam has seen a consequential improvement with 43 per cent passing, but still below the pass rate of the final FASEA exam. Results published by ASIC on Monday stated there were 496 advisers that sa...