Clients left in limbo as financial advisers head for the exits (2)
18 February 2020 by John Collett, Brisbane Times
Advisers have been leaving the major institutions in droves. While many have left the industry, others have switched to smaller firms. Adviser Ratings figures show smaller advice firms now authorise 58 per cent of advisers
Sharp drop in Australian adviser numbers: report
18 February 2020 by Christopher Cooper-Ind, International Investment
The report, published by Adviser Ratings, shows 4,378 left the profession in 2019, with 1,133 leaving in in 4Q2019 alone. The total number of active advisers at the end of 2019 fell to 23,639, which represents the lowest figure since 4Q201...
KKR-backed US outfit buys stake in Melbourne wealth firm
18 February 2020 by Aleks Vickovich, AFR
Mediq is licensed by Synchron, which is now one of the six largest financial advice networks in Australia following the sale of Westpac's financial advice operations and the decline at CBA, according to research house Adviser Ratings.
Adviser Numbers Drop To Four-Year Lows
17 February 2020 by Sarah Kendall, IFA
The number of advisers in the Australian market dropped to four-year lows in 2019, with a third of industry practitioners either switching licensees or handing in their authorisations over the course of the year, according to Adviser Ratin...
Lowest Adviser Numbers Since 2015
17 February 2020 by RiskInfo
Two key trends are driving the financial adviser industry, according to Adviser Ratings – overall adviser numbers continue to decline and increasing numbers of advisers are being licensed by a privately-owned licensee.
Why Netwealth will survive the coming wealth disruption
6 January 2020 by Aleks Vickovich, AFR
According to data released by research house Adviser Ratings in December, Netwealth enjoys pole position among platforms on adviser sentiment, including a first ranking on net promoter score, adviser experience, ongoing adviser support, ov...
Call to slap capital buffers on small financial firms
3 February 2020 by Aleks Vickovich, AFR
The lawyer was reflecting on data released by research house Adviser Ratings, which showed a proliferation of small, independent and self-licensed boutique firms in the financial advice market as adviser and consumer sentiment towards the ...
Post-Hayne chaos may yet sink financial advice industry
31 January 2020 by Aleks Vickovich, AFR
In the 12 months since Hayne, the cost barriers have only risen. According to data from research house Adviser Ratings, median fees charged by advisers increased by almost 12 per cent to $2800 per client per annum.
Why big banks’ private wealth advisers want to break free
24 January 2020 by Aleks Vickovich, AFR
According to data from research house Adviser Ratings, Commonwealth Private currently has 45 financial advisers operating under its licence, down from 62 advisers in September, representing a 27 per cent decline.