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Adviser exodus to leave $900b in limbo

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24 May, 2018 by Krystine Lumanta, selfmanagedsuper

Article link: http://www.smsmagazine.com.au/articles/adviser-exodus-to-leave-900b-in-limbo

"More than 14,000 advisers are expected to exit the financial advice industry over the next five years, representing $900 billion of net client wealth in transition.

The Adviser Ratings “2018 Financial Advice Landscape Report” said the exodus will be fuelled by the Financial Adviser Standards and Ethics Authority (FASEA) requirements and further Future of Financial Advice (FOFA)-like changes from the banking royal commission."


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