Mid-tier Licensees to Grow: HUB24
12 September 2019 by Jassmyn Goh, Money Management
Pointing to Adviser Ratings data, HUB24 said over 700 advisers had moved to licensees during Q2 2019, a 20% increase from Q1. The data also found that four times as many existing advisers were moving to a non-aligned licensee and this repr...
HUB24’s Alcock Backs Mid-tier Licensees
11 September 2019 by Tahn Sharpe, Professional Planner
Mid-tiers represent “a dynamic and growing segment of the industry”, the release stated, before quoting figures from the Q2 2019 Adviser Ratings Adviser Musical Chairs Report saying 20 per cent increase in advisers moving to new licensees ...
Funds Fail on Advice Outcomes
30 August 2019 by Super Review
New advice education standards set by the Financial Adviser Standards and Ethics Authority (FASEA), and the destruction of traditional vertically integrated models of advice will see the industry shrink. The number of active advisers in ...
Why it Pays to get Life Insurance in your 30s
19 August 2019 by Business Insider Australia
According to recent reporting from the Australian Prudential Regulation Authority into claims handling, customers who purchased insurance through a financial adviser had a higher claims admittance rate than those who purchased insurance el...
The (new) Future of Financial Advice
16 August 2019 by Annelise Nielsen
While we wait to see if our political leaders have the wherewithal to force real change in the sector, we can be sure we are going to see much more sceptical consumers. Websites like Adviser Ratings, which posts reviews of financial advise...
'Get over it, go broke, move on': Financial planners rocked by banks' exit
10 August 2019 by Stephen Miles and John Collett, SMH
"The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advisers,” said Mark Hoven, chief executive wealth of Adviser Ratings, a service that rates financial advisers. "There are about 25,0...
Advisers Consider the Next Chapter
2 August 2019 by Professional Planner
A 20 per cent to 30 per cent exodus of the 25,000 or so authorised representatives currently on ASIC’s register is the more common prediction that’s being bandied around, but even this more conservative estimation represents in excess of 7...
Adviser Numbers Drop for Second Quarter in a Row
29 July 2019 by Eliot Hastie, SMSFAdviser
While there was a spike in adviser numbers in December last year, thousands of advisers have departed the industry in the first six months of this year, according to a new report. The Adviser Ratings Musical Chairs report found that 1,750 ...
Financial Advisers Call Time on their Careers as Tougher Rules Bite
27 July 2019 by John Collett, WA Today
Financial planners are leaving the industry in unprecedented numbers as tougher rules for those giving advice come into effect. “The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advis...