Weighing up the risks and benefits of self-licensing
13 May 2024 by Jasmine Siljic, Money Management
Numerisk managing director and founder Richard Silberman examines the risk considerations for financial advisers looking to take the plunge into self-licensing as well as the legal ramifications. “The Australian practice ecosystem now mai...
How should advice practices charge their clients?
10 May 2024 by Jasmine Siljic, Money Management
Two separate research studies have discovered the majority of advised clients prefer to pay a flat fee for financial advice, while unearthing how much they are willing to pay. Adviser Ratings’ latest consumer survey also determined how mu...
Adviser recruitment falls down the priority list
7 May 2024 by Jasmine Siljic, Money Management
Two industry executives have highlighted why financial advice practices are less focused on adviser recruitment, as firms grow their capacity to service more clients with less staff. Adviser Ratings’ Musical Chairs Report for Q1 2024 rece...
Advice firms looking to grow a specialised client base: Report
6 May 2024 by Shy-ann Arkinstall, Independent Financial Adviser
A new report from Adviser Ratings revealed more advice firms are actively working to increase their client load, focusing on a specific demographic. According to Adviser Ratings’ latest Musical Chairs Report for Q1 2024, the number of adv...
85% of advice practices are privately owned
3 May 2024 by Jasmine Siljic, Independent Financial Adviser
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices. Adviser Ratings’ latest Musical Chairs Report fo...
How are advisers using AI to improve client experience?
30 April 2024 by Jasmine Siljic, Money Management
As artificial intelligence (AI) continues to reshape how the advice industry operates, Adviser Ratings unpacks how advisers are implementing these technologies to improve the client experience. AI is increasingly becoming a “staple tool” ...
How are advisers using AI in their practices?
30 April 2024 by Shy-ann Arkinstall, Independent Financial Adviser
According to recent research from Adviser Ratings, the “ubiquitous presence” of artificial intelligence is leading to its integration into financial advice. The research included surveys with both consumers and advisers and found that the...
Fortnum, PFS creates new parent brand in its Entireti
22 April 2024 by Chris Dastoor, Professional Planner
After acquiring Australian Unity’s financial advice business, Fortnum Private Wealth will create a new parent company called Entireti to cover both brands. Scale was the catalyst for the PFS acquisition, with Younger describing scale as “...
The financial benefits of a specialised client base
18 April 2024 by Laura Dew, Money Management
Those financial advisers with client specialisation are likely to manage funds which are 15 per cent larger than those generalists, according to Adviser Ratings. Data from the research house showed 45 per cent of advisers surveyed said th...