Threefold departures challenge profession’s stability
9 February 2024 by Maja Garaca Djurdjevic, Independent Financial Adviser
The latest quarterly Adviser Ratings’ Musical Chairs Report has painted a sombre picture of the profession’s ability to recoup its numbers, revealing that while a few dozen advisers entered the profession in the last three months, departur...
Advice sector ‘thriving’: Practice revenue up more than 5%
2 February 2024 by Keith Ford, Independent Financial Adviser
According to early data from the Adviser Ratings Advice Landscape study, the financial advice sector is “thriving”. The average increase in advice practice revenue is more than 5 per cent, Adviser Ratings said, while 35 per cent of practi...
Adviser Salary Increases Expected
2 February 2024 by Risk Info
Increased revenues, stable operational costs, and improved insurance terms are culminating in higher salaries for advisers, according to Adviser Ratings. The research firm says that early data from its ongoing Adviser Ratings Landscape St...
Is self-licensing right for your business?
30 January 2024 by Laura Dew, Money Management
Advisers may be contemplating the switch to running their own Australian financial services licence (AFSL) after the recent spike in micro-AFSLs, but commentators have warned it is not necessarily the right path for everyone. Research by...
Micro-AFSL trend to continue in 2024: Wealth Data
8 January 2024 by Jasmine Siljic, Money Management
The shift towards smaller advice practices obtaining their own Australian financial services licence (AFSL) will resume in 2024, according to Wealth Data’s Colin Williams. Money Management previously explored the reasons behind advisers c...
AMP doubles down on self-licensee support services
15 December 2023 by Jasmine Siljic, Money Management
AMP has revitalised its Jigsaw Advice Solutions business to provide expanded add-on services to self-licensed financial advisers. Earlier this year, Adviser Ratings found small licensee groups of one to 10 advisers have seen a 17 per cent...
Cost-of-living crisis sidelines ESG investment
11 December 2023 by Jasmine Siljic, Money Management
Investors are increasingly prioritising long-term financial stability over ESG investment as the cost of living bites, contrasting previous research. New research from Adviser Ratings has revealed that Australians are keeping their sights...
Declining profitability and the woes of risk advice
5 December 2023 by Zilla Efrat, Professional Planner
Holistic advisers are shying away from writing more risk, meaning that a mere 493 advisers wrote half of all life policies this year. But what’s behind this trend that could potentially lead to huge underinsurance among Australians? The 4...
Financial advice gap to remain despite government’s efforts to plug it
29 November 2023 by John Collett, The Sydney Morning Herald
The number of financial planners in Australia appears to have stabilised at almost 16,000, following a decline of about 12,000 since 2019’s peak, but changes underway by the federal government may only be partially successful in plugging t...