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In Brief: July Edition  

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'Get over it, go broke, move on': Financial planners rocked by banks' exit

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10 August 2019 by Stephen Miles and John Collett, SMH

Article link: https://www.smh.com.au/business/banking-and-finance/get-over-it-go-broke-move-on-financial-planners-rocked-by-banks-exit-20190809-p52fgx.html

"The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advisers,” said Mark Hoven, chief executive wealth of Adviser Ratings, a service that rates financial advisers.
"There are about 25,000 planners now and I would be very surprised if that number was not heading towards 20,000 by the end of this year," he said.


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