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Licensing models get the tug-of-war treatment

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16 June 2020 by Tahn Sharpe, Professional Planner

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For its part, ASIC has so far demurred on the topic of individual licensing for financial advisers and left it to policymakers. Sources say that ASIC is content to let the issue sit for now but does not relish the idea of regulating the entire adviser workforce.
While this is understandable, it’s worth pointing out that the gap between the licensee cohort and the adviser workforce is narrowing. There are no longer 30,000 advisers in the country, the figure is around 23,000 and tipped by Adviser Ratings to drop to 15,000.


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