Peter Kell Joins Ratings Commission Panel
13 June 2019 by Laura Dew, Money Management
Former Australian Securities and Investments Commission (ASIC) deputy chair Peter Kell is joining a panel on licensee reporting set up by Adviser Ratings, his first role since departing the regulator last year. The licensee ratings commiss...
Adviser Ratings Launches Transparency Campaign
7 June 2019 by Adrian Flores, IFA
Ratings and data agency Adviser Ratings has launched an equity crowd funding campaign aimed at improving institutional conduct and transparency in the wealth management industry. According to a statement, Adviser Ratings is seeking to rais...
Adviser Ratings Seeks to Crowd Fund Growth
6 June 2019 by Mike Taylor, Money Management
Financial adviser ratings business, Adviser Ratings is seeking to raise funds to expand the business via an equity crowd funding campaign. The company which has moved beyond adviser ratings to licensee ratings has now announced its crowd f...
Where We’re Going Wrong with Client Onboarding
20 May 2019 by Sarah Penn, Professional Planner
Onboarding new clients is make or break time. According to Adviser Ratings, around 50 per cent of potential clients drop out during the onboarding process, if it’s a cold lead, and the average adviser loses 25 per cent if it’s a warm lead.
Adviser Ratings Predicts ‘Upsurge’ in Failed Licensees
13 May 2019 by Tahn Sharpe, Professional Planner
Small independent and self-licensed firms are set to fall by the wayside as the industry grapples with “massive change and disruption”, according to Mark Hoven, chief executive of Wealth at Adviser Ratings.
New Data Points to Homeless or Exiting Advisers
26 April 2019 by Mike Taylor, Money Management
While 336 new financial planning licensee entities have been created over the past 12 months, 118 licensees have been discontinued affecting 2,000 advisers, two-thirds of whom have yet to find a new home or may have exited the industry.
Tough Times Before the Mast as AMP Voyages to the New World
8 April 2019 by Adele Ferguson, Australian Financial Review
The numbers say it all. Margins are falling, costs are rising and funds are flying out the door of AMP’s biggest and most important division, Australian Wealth Management, which includes financial advice. For the financial services giant, ...
Financial Adviser Ratings Step Up as Trust Deficit Grows
6 March 2016 by John Collett, Sydney Morning Herald
Services that rate financial advisers will significantly expand their coverage of planners and the firms that hire them to give consumers more confidence that they are going to receive advice that is truly in their best interests. Adviser ...
External Ratings Committee Formed to Ensure Transparency in the Financial Services Sect...
4 March 2019 by Rebecca Thacker, Dynamic Business
An external governance committee has been formed in response to the Royal Commission to ensure transparency in the financial services sector. The industry-led initiative will oversee a new rating system on financial advice licensees to hel...