AMP and IOOF: Last men standing or dead men walking?
27 December 2019 by Aleks Vickovich, AFR
According to Adviser Ratings data, the control of the financial adviser market (ownership, employment, licensing) by the Big 4 Banks, Macquarie, IOOF & AMP has dropped to 40% from its peak in 2010 when it was over 80%.
Robo advisers over-confident of post-Hayne success
17 December 2017 by Aleks Vickovich
Research house Adviser Ratings took the pulse of 50 so-called robo advisers – fintech companies involved in automating elements of personal finance and investment management – and found 79 per cent were confident about the future of their ...
Netwealth, Hub24 face 'wave of disruption': UBS
4 December 2019 by AFR, Aleks Vickovich
Hub24 managing director Andrew Alcock said he welcomed more competition on financial services. "We believe our offer is truly market-leading in all respects," he added. The financial adviser market continued to fragment and contract over t...
Financial Advisers Leaving In Droves
13 November 2019 by FNArena
The recent trend of financial advisers leaving the industry continued in the September quarter, as noted in Adviser Ratings’ (ARdata) quarterly “Musical Chairs” report. The fallout from the banking Royal Commission impacted on financial ad...
ADVISER NUMBERS CONTINUE TO DECLINE: ADVISER RATINGS
5 November 2019 by Lachlan Maddock, IFA
The Adviser Musical Chairs Report noted an overall decline of almost 700 advisers around the country in Q3 2019, a contraction of almost 3 per cent. This continues the trend of advisers leaving the industry, albeit at a reduced rate from t...
Australia Loses 700 Advisers in Just One Quarter
5 November 2019 by Pedro Goncalves, International Investment
Australia has experienced an overall decline of almost 700 advisers around the country in Q3 2019, a contraction of almost 3%, according to a report. Having analysed data from the Australian Securities and Investments Commission and indust...
More Advisers on the Move
5 November 2019 by riskinfo
Adviser Ratings has reported a 70 percent increase in the number of advisers moving between licensees in the last quarter, as overall adviser numbers fell by another three percent. These are some of the key findings in the research firm’s...
Financial Adviser Movements Spike 70pc
4 November 2019 by Aleks Vickovich, AFR
The financial planning industry continued to fragment and contract over the September quarter as it pre-empts the partial exit of the big four banks from the wealth management sector. Having analysed data from the Australian Securities and...
Trusting Advisers More Than Instos is ‘Human Nature’: APN Group
30 October 2019 by Tahn Sharpe, Professional Planner
Last week Professional Planner reported that wealth outflows at AMP and IOOF – the last of the original ‘big 6’ that are still at least somewhat committed to advice – continued in the July quarter. AMP’s wealth business suffered outflows o...