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

Financial Advisers Quit Industry After Hayne Shake-up

« back to media

25 July 2019 by Tim Boyd, Australian Financial Review

Article link: https://www.afr.com/companies/financial-services/financial-advisers-quit-industry-after-hayne-shake-up-20190724-p52a6d

The number of licensed financial advisers dropped by 1750 people to a total of 25,470 in the June quarter, according to a quarterly report from Adviser Ratings.
Adviser Ratings chief executive Mark Hoven said the 6.4 per cent fall was due to a confluence of factors including tougher education standards, the stronger enforcement of the future of financial advice laws, big banks "falling out of love" with their advice businesses and Hayne royal commission recommendations such as the removal of grandfathered commissions changing the model of advice businesses.


Comments

No comments added.


Add comment

Name

Email

Comments

Enter code:*

Add comment


« back to media