Advice fees rise 40 per cent in five years
13 April 2023 by Laura Dew, Money Management
Financial advice fees have risen by close to 40 per cent over the last five years and the majority of advisers expect to hike fees further in the coming years, according to research. The latest Adviser Landscape Report from Adviser Rating...
Future Intentions – How Many Advisers Might Leave?
11 April 2023 by Risk Info
The financial advice profession could lose another 3,500 advisers, with thousands still on the fence about whether to stay or go, according to Adviser Ratings. In a “sneak peek” article, the research firm says that for those who are undec...
Why accountants are saying goodbye to limited advice
5 April 2023 by Jessica Penny, Independent Financial Adviser
Recent data from Adviser Ratings has revealed that there were fewer than 200 limited licensed advisers — mostly accountants — at the end of last year, compared to 1,000 a few years ago. Despite the already rapid decrease, Adviser Ratings ...
Why red tape is tying up women in advice
3 April 2023 by Helen Baker, Independent Financial Adviser
Research published in Harvard Business Review in 2019 found that women in business perform better and earn more when they have a supportive network of female peers around them: “Because women seeking positions of executive leadership often...
Rising demand for risk businesses fuels higher prices
29 March 2023 by Independent Financial Adviser
Late last year, research from Adviser Ratings showed that the pure risk segment had dropped by 67 per cent in less than a year, while the volume of “high-risk” advisers halved. “There are now 225 advisers handling a quarter of all in forc...
FPA, AFA memberships strong despite adviser exodus
27 March 2023 by Jessica Penny, Independent Financial Adviser
Recent findings from Adviser Ratings have revealed that both the Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have grown their membership base in proportion to overall industry numbers.
The winding road ahead for digital advice
27 March 2023 by Jasmin Silijic
Whilst digitally-enhanced financial advice seems inevitable following the final Quality of Advice Review (QOA) report, industry members debate the extent of its effectiveness.
Advisers embracing tech for workflow management and client engagement
16 March 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser
While 2022 didn’t signify a significant change in the adoption of new efficiency technology among advisers, a recent survey by Adviser Ratings revealed that advisers quickly turned to tools for advice production, workflow management, and a...
Advice firms keen to embrace technology
16 March 2023 by Laura Dew, Money Management
There is a “strong intent” by advice firms to increase their use of technology and integrate it into their business, according to Adviser Ratings. These were most likely to be used for online fact-finding, risk profiling, scaled advice an...