The average financial advice fee per annum according to Adviser Ratings is $3,600 and the average age of a client is 55. This is because the requirements for producing comprehensive high-risk advice such as asset allocation or wealth strat...
With the current adviser exodus expected to bottom out at under 15,000 advisers in the next few years according to Adviser Ratings – down from 30,000 in late 2018 – marketing advice as a profession may prove to be just as big a challenge a...
There are a number of ways that you can be managing your online reputation including your company website, LinkedIn profile and review sites such as Adviser Ratings who do an excellent job at capturing individual adviser reviews from verif...
According to data from Adviser Ratings, 354 advisers ceased operating in the seven days to 2 July, a number that excluded more than 70 authorised representatives who were mid-merger and likely to re-enter the industry once their respective...
In a video presentation, Adviser Ratings founder Angus Wood said the numbers of advisers leaving was “significantly higher than previous weeks”, and that the industry was losing significant numbers of experienced practitioners. “Ten per c...
Adviser Ratings founder Angus Woods told ifa that a “huge swathe” of advisers will be attracted to super funds during the next year or two. “We are seeing a lot more of those sorts of organisations starting to bring on Industry Fund Servi...
Hundreds of members are offering financial advice free for early release super and redundancy during the pandemic because we need to make advice simpler and less expensive if we are to help Australians through this crisis," says Angus Wood...
In its most recent quarterly report for the three months to March 31 this year, the Adviser Ratings research group found that the number of advisers in Australia was now 22,893 after a dramatic 16 per cent reduction last year. “It’s a pro...
Speaking in a recent presentation, Adviser Ratings chief executive Angus Woods said the group had revised down its previous predictions around the number of advisers that would remain in the industry once the FASEA standards came fully int...