74% of advice practices now use AI, surpassing global average
19 May 2025 by Shy-Ann Arkinstall. ifa
According to Adviser Ratings, last year, less than half (45 per cent) of Australian advice practices indicated that they were using or planning to integrate AI into their businesses. A year later and data from the yet-to-be-released 2025 A...
The charging divide between advisers and consumers
16 May 2025 by Shy-Ann Arkinstall, Money Management
Adviser Ratings’ Q1 2025 Musical Chairs Report has revealed that advisers need to charge an average of between $3,000 and $4,000 per client annually just to remain viable and cover the mounting costs.
Advisers urged to update FAR details
15 May 2025 by Lara Caughey, SMS Magazine
More than three-quarters of financial advisers have yet to register their qualifications on the Financial Adviser Register (FAR) before the end of this year, according to Adviser Ratings.
Substantial jump witnessed in advisers' AI usage
15 May 2025 by Shy-Ann Arkinstall, Money Management
The number of advisers currently using or planning to use artificial intelligence (AI) in their practices has significantly risen to almost three-quarters of firms, according to Adviser Ratings.
Q1 2025 sees second highest new entrants since the royal commission
15 May 2025 by Shy-Ann Arkinstall, ifa
Adviser Ratings’ latest industry report reveals the inflow of new entrants to the profession in Q1 reached its second highest peak since the start of 2019.
Deadline Looming for Thousands of Advisers
14 May 2025 by Risk Info
More than four thousand registered financial advisers have just over seven months to complete their minimum educational requirements in order to maintain their ‘existing adviser’ status. Findings contained in Adviser Ratings’ Musical Chair...
$4k comprehensive advice fee the new bar for viability
14 May 2025 by Beata Kuczynska, Professional Planner
Advice firms need to charge between $3000 to $4000 to remain viable, despite most Australians only willing to pay $500 for financial advice. The latest Adviser Ratings Musical Chairs report found 67 per cent of unadvised Australians would ...
Advisers seek personal touch from smaller licensees
14 May 2025 by Laura Dew, Money Management
Large AFSLs with more than 100 advisers are seeing the largest losses in both adviser and AFSL numbers as individuals seek a smaller, personal vision. The latest Adviser Ratings quarterly Musical Chairs Report explored financial adviser an...
Financial advisers face competition from digital solutions
13 May 2025 by Australian Financial Review
Australians are looking for cheaper financial advice options, leaving the door open for digital solutions to gain a foothold in the advice industry.