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Which Licenses Are Shedding Advisers Fastest?

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April 28, 2021 by Sarah Kendell, ifa

Article link: https://www.ifa.com.au/news/29496-which-licensees-are-shedding-advisers-fastest

Adviser Ratings’ 2020 Advice Landscape Report surveyed advisers on their intentions to stay in the industry beyond 2021, and found that around 770 advisers from the aligned dealer groups were expected to exit, while more than 670 from large privately owned licensees (of more than 100 advisers) were planning to leave.

The exodus from the industry was also widely felt across different segments of the market on a percentage basis, with 30 per cent of limited licence holders and 22 per cent of industry fund advisers expected to leave the sector by the end of 2021.

During 2020, the report revealed that adviser losses had primarily been felt across the bank and bank-aligned licensees, with around 620 bank financial planners ceasing their authorisations while 600 advisers from the aligned sector left their dealer group.


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