Has CountPlus found the formula for profitable financial advice?
2 March 2020 by Aleks Vickovich, AFR
Count Financial's adviser force had diminished by a third under the bank's ownership, from 518 in 2015 to 313 at October 2019, according to data from research house Adviser Ratings.
Adviser Exodus To Worsen In 2020: Synchron
19 February 2020 by Sarah Kendall, IFA
Addressing a media conference in Sydney on Tuesday, Synchron executive director Don Trapnell said the licensee had lost approximately 10 per cent of its adviser force in 2019 primarily due to the demands of the new FASEA standards, and exp...
Clients left in limbo as financial advisers head for the exits
18 February 2020 by John Collett, SMH
A report by Adviser Ratings shows a 15 per cent decline in the number of financial advisers last year to about 23,000. That includes accountants and stockbrokers who are licensed to give financial advice – but the vast majority are regula...
Clients left in limbo as financial advisers head for the exits (1)
18 February 2020 by John Collett, The Age
This inexorable across-the-board decline is being driven by ... major banks exiting wealth, removal or reduction of commissions, higher educational standards and the challenges for many to restructure their advice businesses to remain prof...
Clients left in limbo as financial advisers head for the exits (2)
18 February 2020 by John Collett, Brisbane Times
Advisers have been leaving the major institutions in droves. While many have left the industry, others have switched to smaller firms. Adviser Ratings figures show smaller advice firms now authorise 58 per cent of advisers
Sharp drop in Australian adviser numbers: report
18 February 2020 by Christopher Cooper-Ind, International Investment
The report, published by Adviser Ratings, shows 4,378 left the profession in 2019, with 1,133 leaving in in 4Q2019 alone. The total number of active advisers at the end of 2019 fell to 23,639, which represents the lowest figure since 4Q201...
KKR-backed US outfit buys stake in Melbourne wealth firm
18 February 2020 by Aleks Vickovich, AFR
Mediq is licensed by Synchron, which is now one of the six largest financial advice networks in Australia following the sale of Westpac's financial advice operations and the decline at CBA, according to research house Adviser Ratings.
Adviser Numbers Drop To Four-Year Lows
17 February 2020 by Sarah Kendall, IFA
The number of advisers in the Australian market dropped to four-year lows in 2019, with a third of industry practitioners either switching licensees or handing in their authorisations over the course of the year, according to Adviser Ratin...
Lowest Adviser Numbers Since 2015
17 February 2020 by RiskInfo
Two key trends are driving the financial adviser industry, according to Adviser Ratings – overall adviser numbers continue to decline and increasing numbers of advisers are being licensed by a privately-owned licensee.