The 135-year-old investment manager will buy more retail financial advice firms in an attempt to capitalise on the imminent generational wealth transfer. And there is no shortage of firms up for sale. Research house Adviser Ratings estim...
The number of adviser roles has slumped by another 8 per cent since the start of this year to 19,319, with the largest three groups representing 52 per cent of the adviser net outflow. Earlier this year, Adviser Ratings predicted only 13,...
The corporate watchdog’s industry funding model will be reviewed to ensure it remains fit for purpose following a 50 per cent increase in the burden on business in the past three years.
Investors have tipped more than $20 billion into exchange traded funds (ETFs) listed on the Australian Securities Exchange in the first half of the year alone, taking the total value of the local market to $115 billion. There were 19,116 ...
Professional Planner dives into AR data powered by Adviser Ratings latest Musical Chairs report... Q2 was the first time the number of bank-licensed advisers dropped under 1,000, leaving only 575 bank-licensed advisers in that market. “T...
A 30 per cent hike in costs will add $1000 to an average financial adviser’s annual expense base, pushing professional advice further out of reach for many retail investors. Analysis by researcher Adviser Ratings, compiled for The Austral...
The fall in numbers is putting upward pressure on advice fees. Earlier this year, ratings firm Adviser Ratings estimated fees had jumped more than 28 per cent in two years.
Angus Woods is the Founder and Managing Director of Adviser Ratings. He chats to us about what consumers needed from a site like Adviser Ratings and how it aims to assist in making good decisions on who you work with.
The latest Adviser Ratings data showed that 112 advisers left the industry in the week to 24 June, with total numbers on the adviser register now at 19,651. Comparing adviser numbers at the industry’s peak in December 2018, the biggest lo...