Advisers Consider the Next Chapter
2 August 2019 by Professional Planner
A 20 per cent to 30 per cent exodus of the 25,000 or so authorised representatives currently on ASIC’s register is the more common prediction that’s being bandied around, but even this more conservative estimation represents in excess of 7...
Adviser Numbers Drop for Second Quarter in a Row
29 July 2019 by Eliot Hastie, SMSFAdviser
While there was a spike in adviser numbers in December last year, thousands of advisers have departed the industry in the first six months of this year, according to a new report. The Adviser Ratings Musical Chairs report found that 1,750 ...
Financial Advisers Call Time on their Careers as Tougher Rules Bite
27 July 2019 by John Collett, WA Today
Financial planners are leaving the industry in unprecedented numbers as tougher rules for those giving advice come into effect. “The number of financial advisers is shrinking, with limited new entrants and a constant trend of leaving advis...
Thousands Leave Financial Advice Industry
26 July 2019 by Eliot Hastie, IFA
The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, leaving just 25,470 advisers across Australia. This equates to a 6.4 per cent decline in total adviser numbers for the quarter and i...
Australia Loses 2,825 Advisers in Only Six Months
26 July 2019 by Pedro Gonçalves, International Investment
Australia has seen 2,825 advisers cease operation in the first six months of the year, with only 19 new entrants a report shows. The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, ecl...
Adviser Numbers Head South
26 July 2019 by Risk Info
A comprehensive analysis compiled by Adviser Ratings has confirmed the number of authorised representatives in Australia is shrinking. The financial advice data and rating agency has utilised data from ASIC’s Financial Advisers Register to...
Financial Advisers Quit Industry After Hayne Shake-up
25 July 2019 by Tim Boyd, Australian Financial Review
The number of licensed financial advisers dropped by 1750 people to a total of 25,470 in the June quarter, according to a quarterly report from Adviser Ratings. Adviser Ratings chief executive Mark Hoven said the 6.4 per cent fall was due...
2,825 Advisers Gone as Migration Patterns Emerge
24 July 2019 by Tahn Sharpe, Professional Planner
The number of advisers leaving the industry has accelerated with 1759 ceased advisers in Q2 eclipsing the 1066 that abandoned their authorisation in Q1, new research from Adviser Ratings revealed.
AMP Advisers Prepare for Big Shake-up, Job Cuts
24 July 2019 by Sarah Thompson and Andy Macdonald, Australian Financial Review
It also comes as the adviser market more broadly shrinks rapidly, in light of mounting regulatory scrutiny and fee pressures. Industry research from Adviser Ratings released on Tuesday showed total adviser numbers across the country droppe...