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In Brief: July Edition  

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Adviser Outflows Slow, Zombie Licences Grow

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4 February 2021 by Lachlan Maddock, IFA

Article link: https://www.ifa.com.au/news/29122-adviser-outflows-slow-zombie-licences-grow

Total adviser numbers contracted by 388 (1.8 per cent) for the quarter, leaving the total population at 21,146 – significantly better than previous quarters, according to the latest Adviser Ratings Musical Chairs report, suggesting that advisers might be taking “a more positive long-term view on their future in the industry”.

“In the last quarter, there has been a substantial increase in the narrative, coming from all corners of the industry, to reduce compliance red-tape to lower the cost of advice and simplify requirements for providing limited advice,” Adviser Ratings said.


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