Consumer review site Adviser Ratings has continued to garner industry support from both large dealer groups and smaller licensees looking to empower consumers in their financial decision-making.
Adviser Ratings has welcomed the FSI’s recommendations to encourage innovation in financial services and increase the competency of financial planners.
Institutional advisers and non-aligned planners had embraced consumer review site Adviser Ratings in equal numbers, just seven weeks since its launch, according to the team behind the online ratings site.
Seventeen per cent of advisers are considering switching licensees in the next six months, with IOOF-aligned groups attracting the most attention from those looking to defect, new research from Adviser Ratings has found.
Now that the government has succeeded in reshaping the Future of Financial Advice (FoFA) reforms to ease the burden on the advice industry, the announcement of three new financial adviser review websites this month is timely.
The government’s proposed register of advisers is a better alternative to “opportunistic” rivals, says one lobbyist and member of the industry working group.
Industry Super Australia (ISA) has welcomed the government’s announcement to launch an enhanced adviser register by March 2015 but has criticised the lack of detail to be included, such as how advisers are paid and whether they receive sal...
Investors will be able to identify bad apples in the financial planning industry through the creation of a public register which reveals penalties, bans and sanctions against rogue advisers.
Christopher Zinn talks with Ross Greenwood on the first service of it's kind - an independent rating system of financial advisers. How does your adviser rate?