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Adviser Exodus To Worsen In 2020: Synchron

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19 February 2020 by Sarah Kendall, IFA

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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 expected closer to a 20 per cent decline in 2020.
The comments come following a recent Adviser Ratings report, which estimated over 4,300 advisers had left the industry in 2019, bringing numbers to their lowest level since 2015.


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