Which Licenses Are Shedding Advisers Fastest?
April 28, 2021 by Sarah Kendell, ifa
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 larg...
Financial Advice Too Expensive For Many Consumers
April 27, 2021 by John Collett, The Sydney Morning Herald
In 2019, there were as many as 23,500 advisers, including stockbrokers who are licensed to give financial advice, figures from researcher Adviser Ratings’ 2020 industry report show.
Adviser numbers to plummet by 30%
23/04/2021 by Sarah Kendell, ifa
The Adviser Ratings’ Advice Landscape report predicted that given current exit rates from the sector, and the group’s data around how many practitioners were planning to stay in the industry, just 13,154 advisers would be left in four year...
How to get financial advice without forking out $3000
20/04/2021 by Aleks Vickovich, Australian Financial Review
While the median fees charged are now north of $3000, that is not to say that all advisers charge that much. The lowest rate card identified by Adviser Ratings in 2020 was the more affordable $750 per annum, which is less than you would p...
ASIC extends red tape rollback for financial advice
15/04/2021 by Aleks Vickovich, Australian Financial Review
The corporate regulator has granted financial advisers a six-month extension on a controversial coronavirus relief reducing paperwork for the troubled industry, as it mulls proposals to avert an affordability crisis.
Financial adviser workforce set to halve by 2023
April 12th 2021 by Aleks Vickovich
The supply of registered financial advisers is on track to be 50 per cent lower than before the Hayne royal commission in 2018, while the costs of quality advice for regular consumers have skyrocketed, new data shows. The data from resear...
How robots could bridge the wealth gap
25/03/2021 by Rupert Carlyon, stuff magazine, business NZ
According to Adviser Ratings, more than 4000 Australian financial advisers left the sector in 2019, and this has resulted in the lowest number of advisers there since back in December 2015. Last week, New Zealand’s financial advice regime...
Could the Adviser Exodus be Turning Around?
9 February 2021 by Sarah Kendell, IFA
Sharing the latest adviser movement statistics, Adviser Ratings founder Angus Wood noted that just two advisers had ceased their authorisations in the week to 25 February, while two had joined the industry. A further 18 had switched licens...
What's the Future for Financial Services?
1 March 2021 by Gary Anders, In the Black
Mark Hoven, CEO of financial advice data and ratings agency Adviser Ratings, agrees that cutting regulatory compliance is paramount. “We’re still looking at another 5000 advisers who are likely to leave the industry in the next year or so...