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Financial adviser workforce set to halve by 2023

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April 12th 2021 by Aleks Vickovich

Article link: https://www.afr.com/companies/financial-services/financial-adviser-workforce-set-to-halve-by-2023-20210409-p57hsg

The supply of registered financial advisers is on track to be 50 per cent lower than before the Hayne royal commission in 2018, while the costs of quality advice for regular consumers have skyrocketed, new data shows.

The data from research house Adviser Ratings confirms the dire state of Australia’s financial advice industry two years after it was eviscerated by the royal commission.


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