Big banks' wealth exit aids Hub24 tailwinds
25 August 2020 by Aleks Vickovich, AFR
Mr Alcock reflected on data from research house Adviser Ratings that 700 practitioners moved to new licences in the June quarter "even in the midst of a pandemic". Licensee-switching, especially to independent providers, opens up the platf...
Covid Pressure Sees Boutique AFSLS Abandon Ship
20 August 2020 by Sarah Kendell, IFA
Adviser Ratings’ Musical Chairs Report for Q2 2020 found that 83 financial services licences had been discontinued in the three months to June, a significant rise on the 61 licences that had ceased in the first quarter of the year. The re...
Professionals exit but demand for financial advice still strong
18 August 2020 by John Collett, Brisbane Times
Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. ...
Professionals exit but demand for financial advice still strong (1)
18 August 2020 by John Collett, SMH
Over the three months to June 30, the adviser population dipped to about 21,600 – almost 1200 less than the previous quarter, when their numbers fell by 670, Adviser Ratings figures show. Mark Hoven, chief executive at Adviser Ratings, say...
Professionals exit but demand for financial advice still strong (2)
18 August 2020 by John Collett, The World News
Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. H...
Professionals exit but demand for financial advice still strong (3)
18 August 2020 by John Collett, The Age
Mark Hoven, chief executive at Adviser Ratings, says the latest fall in numbers comes at a time when demand for financial advice is high because of severe financial distress being felt in the wake of the COVID-19-induced economic crisis. H...
Less Than One in Three Advice Graduates Enter the Industry
14 August 2020 by Sarah Kendall, IFA
The research, conducted by Adviser Ratings, surveyed academics from nine universities offering financial planning courses and found that just 28 per cent of students were currently making their way into the advice industry after enrolling ...
$120BN in Client Money Abandoned as Advisers Walk Away
13 August 2020 by Sarah Kendell, IFA
Adviser Ratings’ Musical Chairs Report for the second quarter of 2020 revealed that 1,198 advisers left the industry in the three months to June, with most of the exodus coming from privately owned licensees. Adviser Ratings also flagged ‘...
Self-Licensing on the Rise as Dealer Group Fees Surge
11 August 2020 by Sarah Kendall, IFA
The Adviser Ratings statistics for the week to 6 August revealed that the advice sector had seen a net loss of 20 advisers, with a further 34 practitioners switching licensees over the period.