ASIC levy blowout to hit financial advice cost
26 July 2021 by Aleks Vickovich, Australian Financial Review
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...
Rapid decline in financial adviser numbers sees fees rise
17 July, 2021 by John Collett, Sydney Morning Herald
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.
Finding The Right Financial Adviser: The Grass Is Greener Podcast
8 July 2021 by Tim Henry / Angus Woods
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.
Instos Abandoned in Droves as Adviser Numbers Slip Below 20k
2 July 2021 by Sarah Kendell, IFA
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...
One In, Ten Our: Banks Lead Adviser Outflow
May 20, 2021 by Tahn Sharpe, Professional Planner
Bank licensees bore the brunt of adviser departures in the first quarter of 2021 according to research house Adviser Ratings, continuing the trend of advisers steering away from institutional groups for their licensing needs. Furthering a...
13,000 or 16,000? Industry Questions Adviser Low-point Estimate
April 29, 2021 by Tahn Sharpe, Professional Planner
While researchers and Professional Planner poll respondents predict adviser numbers will soon drop to 13,000 and below, many industry observers quietly predict the number will settle at a far more conservative 15,000 to 17,000. The numbers...
Which Licenses Are Shedding Advisers Fastest?
April 28, 2021 by Sarah Kendell, ifa
Adviser Ratings’ 2020 Advice Landscape Report surveyed advisers on their intentions to stay in the industry beyond 2021, and found that around 770 advisers from the aligned dealer groups were expected to exit, while more than 670 from larg...
Financial Advice Too Expensive For Many Consumers
April 27, 2021 by John Collett, The Sydney Morning Herald
In 2019, there were as many as 23,500 advisers, including stockbrokers who are licensed to give financial advice, figures from researcher Adviser Ratings’ 2020 industry report show.
Adviser numbers to plummet by 30%
23/04/2021 by Sarah Kendell, ifa
The Adviser Ratings’ Advice Landscape report predicted that given current exit rates from the sector, and the group’s data around how many practitioners were planning to stay in the industry, just 13,154 advisers would be left in four year...