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Volume of advisers’ potential clients rises by 74%

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9 December 2022 by Laura Dew, Money Management

Article link: https://www.moneymanagement.com.au/news/financial-planning/volume-advisers%E2%80%99-potential-clients-rises-74

Population growth combined with shrinking number of advisers means there has been a 74% rise in the number of people per adviser, presenting an opportunity for those remaining in the industry.

Demand for advice was on the rise with 5.6 million Australians looking to seek help from a financial adviser. The age bracket with the highest number of advised consumers was 65+ years (590,000) followed by 55-64 years (530,000) and 45-54 years (390,000), according to Adviser Ratings.


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