Micro-AFSL trend to continue in 2024: Wealth DataMicro-AFSL trend to continue in 2024: Wealth DataMicro-AFSL trend to continue in 2024: Wealth Data

8 January 2024 by Jasmine Siljic, Money Management

The shift towards smaller advice practices obtaining their own Australian financial services licence (AFSL) will resume in 2024, according to Wealth Data’s Colin Williams. Money Management previously explored the reasons behind advisers c...

AMP doubles down on self-licensee support servicesAMP doubles down on self-licensee support servicesAMP doubles down on self-licensee support services

15 December 2023 by Jasmine Siljic, Money Management

AMP has revitalised its Jigsaw Advice Solutions business to provide expanded add-on services to self-licensed financial advisers. Earlier this year, Adviser Ratings found small licensee groups of one to 10 advisers have seen a 17 per cent...

Cost-of-living crisis sidelines ESG investmentCost-of-living crisis sidelines ESG investmentCost-of-living crisis sidelines ESG investment

11 December 2023 by Jasmine Siljic, Money Management

Investors are increasingly prioritising long-term financial stability over ESG investment as the cost of living bites, contrasting previous research. New research from Adviser Ratings has revealed that Australians are keeping their sights...

Declining profitability and the woes of risk adviceDeclining profitability and the woes of risk adviceDeclining profitability and the woes of risk advice

5 December 2023 by Zilla Efrat, Professional Planner

Holistic advisers are shying away from writing more risk, meaning that a mere 493 advisers wrote half of all life policies this year. But what’s behind this trend that could potentially lead to huge underinsurance among Australians? The 4...

Financial advice gap to remain despite government’s efforts to plug itFinancial advice gap to remain despite government’s efforts to plug itFinancial advice gap to remain despite government’s efforts to plug it

29 November 2023 by John Collett, The Sydney Morning Herald

The number of financial planners in Australia appears to have stabilised at almost 16,000, following a decline of about 12,000 since 2019’s peak, but changes underway by the federal government may only be partially successful in plugging t...

The two smaller platforms vying for advisers’ assetsThe two smaller platforms vying for advisers’ assetsThe two smaller platforms vying for advisers’ assets

27 November 2023 by Laura Dew, Money Management

Adviser Ratings has identified two smaller platforms, which are making inroads in challenging established players in the market, as switching movements heat up. “We are seeing intended flows still heading to HUB24 and Netwealth, with BT P...

WT Financial Group picks up Millennium3 for $2mWT Financial Group picks up Millennium3 for $2mWT Financial Group picks up Millennium3 for $2m

21 November 2023 by Simon Hoyle, Professional Planner

Listed licensee group WT Financial Group has acquired the Millennium3 Australian financial service licensee from Insignia for $2 million. WTFG chief executive Keith Cullen tells Professional Planner the deal was opportunistic after Insi...

Bridging the adviser shortage one entrant at a timeBridging the adviser shortage one entrant at a timeBridging the adviser shortage one entrant at a time

20 November 2023 by Jasmine Siljic, Money Management

Two industry professionals have shared the vital role of graduate programs in attracting new entrants into the financial advice profession. Earlier this month, Adviser Ratings’ research revealed signs that the advice industry is stabilisi...

COG pulls Diverger offer after lack of shareholder supportCOG pulls Diverger offer after lack of shareholder supportCOG pulls Diverger offer after lack of shareholder support

15 November 2023 by Simon Hoyle, Professional Planner

Conceding there is a lack of interest from key Diverger shareholders, COG has formally withdrawn its counteroffer for the listed licensee. After the Count takeover was announced in September, Diverger was punted squarely into play by the ...

 
 
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