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Adviser numbers tipped to halve by end of 2021

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17 June 2020 by Sarah Kendell, SMSF Adviser

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Speaking in a recent presentation, Adviser Ratings chief executive Angus Woods said the group had revised down its previous predictions around the number of advisers that would remain in the industry once the FASEA standards came fully into force.
“The run rate continues to be quite steady, so if we play that out as it is at the moment, we expect 12,000 advisers lost from the industry from its peak,” Mr Woods said.


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