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In Brief: July Edition  

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ADVISERS RECONSIDER RETIREMENT AS EXODUS SLOWS

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19 May 2020 by Sarah Kendall, IFA

Article link: https://www.ifa.com.au/news/27993-advisers-reconsider-retirement-as-exodus-slows?utm_source=IFA&utm_campaign=19_05_20&utm_medium=email&utm_content=1&utm_emailID=32624361229d8f8e6c269f87b008c639f4ab89d3f7e531eddada96af7e9e6d85

Adviser Ratings’ Musical Chairs Report for Q1 2020 revealed that the industry experienced a net decline of just 678 advisers by the end of the March quarter, compared with 1,133 advisers leaving the industry in the last quarter of 2019.

This represented a 2.9 per cent decline in adviser numbers over the three months, which was significantly smaller than the 16 per cent reduction that the industry saw last year. The report noted that it was possible increased demand for advice off the back of the coronavirus crisis was slowing down the expected industry exodus as a result of rising regulatory costs.


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