Search by:NameLocation
 
 

Media

In Brief: July Edition  

Do you have a good advice story?

Are you an adviser with a customer who'd like to tell their story how your advice helped them?

Are you a customer with a good story about how advice has added value to your life?

Tell us about it

Advisers getting older on the back of experience pathway: Report

« back to media

26 June, 2024 by Shy-ann Arkinstall

Article link: https://www.ifa.com.au/news/34428-advisers-getting-older-on-the-back-of-experience-pathway-report

In a webinar regarding Adviser Ratings’ upcoming Advice Landscape 2024 report, Adviser Ratings managing director Angus Woods ran through some of the findings from the report prior to its release, which is expected on 27 June.

Looking at the findings, the average adviser is now 52 years old, up from 49 in 2023. According to Woods, this is likely a result of older advisers using the experience pathway to come back into the profession, while “some of the younger advisers have found it a bit more challenging, creating their own books and getting value and have gone into other industries”.

“While yes, there has been an exodus, probably around 2018, 2019 of the older adviser demographic on the back of the FASEA requirements, the age of an adviser has stabilised. Not that that’s a good thing that the average age is 52. We do want to lower that average age and we want to get more people into the industry,” Woods said.

Comments

No comments added.

Add comment

Name

Email

Comments

Enter code:*

Refresh code

Add comment

« back to media

Adviser Ratings

For consumers

For advisers

 
  Join as an Adviser
 

While we may facilitate the review and introduction of Advisers, Customers of Adviser Ratings will be responsible for entering into their own agreement with Advisers introduced through our website. Adviser Ratings does not provide personal financial advice nor do we recommend or suggest a particular adviser is right for you. We provide information of a general nature and we do not take into consideration your personal objectives, financial situation or needs. Always consider whether the advice and information you are provided suits your needs. Adviser Ratings does not endorse, accept or adopt the Advisers on our site, the content of any profiles or the comments or discussion in any community forums. For further information about How We Rate Our Advisers, click here. Per quote in our video, refer KPMG research undertaken for Financial Services Council

Adviser Ratings Pty Ltd (ABN 18 154 273 640 ) (AR 466730 ) is a Corporate Authorised Representative of IPraxis Pty Ltd (ABN 39 114 365 007) the holder of Australian Financial Services Licence No. 329337. We are a Sydney based company located at - Level 22, Tower 3, 300 Barangaroo Avenue, Sydney, NSW, 2000, Australia

© 2021 Adviser Ratings Pty LtdTerms of Use | Privacy | Contact