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Financial Adviser Movements Spike 70pc

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4 November 2019 by Aleks Vickovich, AFR

Article link: https://www.afr.com/companies/financial-services/70pc-spike-in-financial-adviser-movements-20191104-p537ck

The financial planning industry continued to fragment and contract over the September quarter as it pre-empts the partial exit of the big four banks from the wealth management sector.
Having analysed data from the Australian Securities and Investments Commission and industry participants, research house Adviser Ratings found a 70 per cent increase in financial advisers switching licensees in the third quarter of 2019 compared with the previous quarter.


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