Adviser numbers stabilise, only 1% drop in Q2 2024
16 August 2024 by Shy-ann Arkinstal, IFA
After five turbulent years following the royal commission in 2019, the latest Adviser Ratings report reveals signs of relative stabilisation for the advice profession.
The licensees that led Q2 adviser growth
15 August 2024 by Jasmine Siljic, Money Management
Adviser Ratings has uncovered the top 10 financial advice licensees for growth and losses in the second quarter of the calendar year.
AMP deal shows the real value is in advice, not licensing
8 August 2024 by Chris Dastoor, Professional Planner
AMP’s deal with Entireti adds further proof that it is better to be in the business of advice than licensing. As part of its half-year results announcement to the ASX on Thursday morning, AMP unveiled a strategic partnership with Entireti ...
What it will take to bring advisers back to life
5 August 2024 by Beata Kuczynska, Professional Planner
Cast your mind back to 2017. The life insurance space was flourishing. The average Australian had relatively easy access to a financial adviser who could provide affordable advice. Not anymore.
Advisers shed clients but maintain profitability with rising fees
30 July 2024 by Chris Dastoor, Professional Planner
Professional Planner: Fee hikes have created more “manageable” books, with the average number of clients per adviser now under three figures. The findings come as recent data from Adviser Ratings and Iress also show the best practices in t...
Consumers locked out of financial advice as fees keep rising
24 July 2024 by John Collett, Sydney Morning Herald
An increasing number of people seeking financial advice to help them navigate complex rules and regulations, particularly around retirement planning, are being locked out of advice as financial adviser fees continue to climb. Figures from ...
Advice industry remains stable: Report
24 July 2024 by Shy-ann Arkinstall, ifa
A new quarterly report by Adviser Ratings reveals the advice profession remains relatively stable despite the continued outflow of advisers. According to Adviser Ratings’ 2024 Q2 Database Report, the number of advisers dropped in July last...
Not rich enough! Why my financial adviser dumped me
17 July 2024 by Penny Wise, AFR
"Dear Ms Wise, I inherited some money from an elderly relative about 10 years ago. I found a financial adviser through a personal recommendation – Fast-forward several years, he gets made a partner with one of the fancy firms and sacks me ...
Jumping on board or holding out: How are advisers using AI?
9 July 2024 by Shy-ann Arkinstall, ifa
Adviser Ratings’ recent 2024 Advice Landscape report has revealed how advisers are using AI technology in their businesses to boost efficiency and productivity.