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In Brief: July Edition  

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Professionals exit but demand for financial advice still strong (1)

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18 August 2020 by John Collett, SMH

Article link: https://www.smh.com.au/money/planning-and-budgeting/professionals-exit-but-demand-for-financial-advice-still-strong-20200814-p55lp6.html

Over the three months to June 30, the adviser population dipped to about 21,600 – almost 1200 less than the previous quarter, when their numbers fell by 670, Adviser Ratings figures show.
Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis.


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