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...
North Managed Portfolio AUM Passes $5 Billion
14 June 2022 by Neil Griffiths
“We’re also keeping fees extremely competitive and enhancing North’s tech capability, including the recent launch of our client app.” Shortly before the launch of the client app, Adviser Ratings’ Landscape report, which looked at how fina...
Ford Scott Partners With Otivo
6 June 2022 by Liam Cormican, Money Management
Tasmanian financial planning firm Ford Scott has engaged online advice business Otivo to bridge the industry-wide challenge of unaffordable advice and orphaned clients.
Stop dismissing young investors, stockbrokers told
30 May 2022 by Lucy Dean, Australian Financial Review
New-age share trading platform Stake has hit back at claims by the traditional investment industry that the next generation of investors is naive, as stockbrokers and financial advisers risk missing out on spoils from the looming $3 trilli...
Industry to shed 2,400 advisers by year's end
28 May 2022 by Maja Garaca Djurdjevic, Independent Financial Adviser
The year 2022 is expected to be another devastating year for financial adviser numbers, with Adviser Ratings suggesting that another 2,387 advisers are going to make their exit across this calendar year. This, according to research by Advi...
But At What Cost To The Consumer?
29 April 2022 by Laura Dew
The annual research report did not hold back, stating that 100,000 clients have either been orphaned by their adviser or ceased receiving advice, causing the number of advised Australians to fall below two million people.