Thousands Leave Financial Advice Industry
26 July 2019 by Eliot Hastie, IFA
The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, leaving just 25,470 advisers across Australia. This equates to a 6.4 per cent decline in total adviser numbers for the quarter and i...
Australia Loses 2,825 Advisers in Only Six Months
26 July 2019 by Pedro Gonçalves, International Investment
Australia has seen 2,825 advisers cease operation in the first six months of the year, with only 19 new entrants a report shows. The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, ecl...
Adviser Numbers Head South
26 July 2019 by Risk Info
A comprehensive analysis compiled by Adviser Ratings has confirmed the number of authorised representatives in Australia is shrinking. The financial advice data and rating agency has utilised data from ASIC’s Financial Advisers Register to...
Financial Advisers Quit Industry After Hayne Shake-up
25 July 2019 by Tim Boyd, Australian Financial Review
The number of licensed financial advisers dropped by 1750 people to a total of 25,470 in the June quarter, according to a quarterly report from Adviser Ratings. Adviser Ratings chief executive Mark Hoven said the 6.4 per cent fall was due...
2,825 Advisers Gone as Migration Patterns Emerge
24 July 2019 by Tahn Sharpe, Professional Planner
The number of advisers leaving the industry has accelerated with 1759 ceased advisers in Q2 eclipsing the 1066 that abandoned their authorisation in Q1, new research from Adviser Ratings revealed.
AMP Advisers Prepare for Big Shake-up, Job Cuts
24 July 2019 by Sarah Thompson and Andy Macdonald, Australian Financial Review
It also comes as the adviser market more broadly shrinks rapidly, in light of mounting regulatory scrutiny and fee pressures. Industry research from Adviser Ratings released on Tuesday showed total adviser numbers across the country droppe...
Adviser Ratings Expands Smart Tools Services
19 July 2019 by Laura Dew, Money Management
Adviser Ratings has launched a range of direct to consumer (D2C) digital financial planning solutions on its Smart Tools register. The service now included 45 smart tools including solutions to help with superannuation account consolidatio...
Financial Advisers Fear Fire Sales as Valuations Collapse
16 July 2019 by Duncan Hughes, Australian Financial Review
Leading networks of financial advisers, such as AMP and IOOF, still face regulatory and legal issues and the big four banks are moving away from vertical integration because of tougher education standards, the ban on grandfathered commissi...
Where the bloody hell is AMP's strategy?
8 July 2019 by Adele Ferguson, Australian Financial Review
In 2018 and again in the first quarter of this year, only one product was generating positive net cashflows and that product was North. AMP said the revenue margin for this product was 57 basis points of assets under management in 2018, wh...