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Which licensee segments have seen the biggest declines?

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14 November 2022 by Laura Dew, Money Management

Article link: https://www.moneymanagement.com.au/news/financial-planning/which-licensee-segments-have-seen-biggest-declines

With adviser numbers having fallen below 16,000 for the first time this year, there has been a similar decline in the number of licensees.

According to Adviser Ratings, there had been a move for advisers to opt for solo or boutique licensees rather than big licensees.

This had contributed to the privately-licensed segment taking up a much larger proportion of the pie than before.

Two in three advisers now operated under the private model, Adviser Ratings said.

However, the overall volume of AFSLs had been steadily dropping since 2017 and dropped below 2,000 last year.

 


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