As we traverse the countryside of Australia, we spend ample time in NSW before heading to the gentrified area of West Melbourne in Victoria. These are the regions ranked 11-15 in our countdown of the top 20 regions in Australia of “opportunity” for financial advisers.
The rankings of the 56 regions across Australia are determined by a number of factors including but not limited to population per adviser, FUA per adviser, growth rates and household income of the region. The rankings are one indicator of the opportunity that region represents to advisers in terms of employment, salary and client acquisition comparative to other regions across Australia.
So, we’ll start off with rankings 15-11:
15 / Eastern Suburbs
Home to the famous Bondi Beach, the Eastern Suburbs of Sydney is often known for its prime real estate and the eclectic mix of the affluent and middle class of Sydney against a backdrop of backpackers.
Key Stats:
Clients per adviser: (Recurring) 96
FUA per adviser: $73M
Avg SMSF base per adviser: 20%
Most used investment platform: Macquarie Wrap
Most used software: XPlan
Most used research house: Morningstar
Most used life insurer: TAL
Most used investment consultant: Morningstar
Top adviser:
Bill Bracey
Practice Name: Sydney Financial Planning
Licensee: Charter Financial Planning
Rating: 4.96
Reviews: 142
Net Promoter Score: 97
Passed FASEA exam: Yes
14 / West Melbourne
Known for its café set and increasing gentrification, West Melbourne is as close as you can get to the city without actually living in it. Formerly an industrial area, it is filled with converted warehouses and Victorian single and double story terraces well north of seven figures.
Key Stats:
Clients per adviser: (Recurring) 73
FUA per adviser: $36M
Avg SMSF base per adviser: 19%
Most used investment platform: AMP North
Most used software: XPlan
Most used research house: Lonsec
Most used life insurer: TAL
Most used investment consultant: Morningstar
Top adviser:
Matthew Woolford
Practice Name: Smarter Wealth
Licensee: Australian Investment and Insurance Group
Rating: 4.78
Reviews: 47
Net Promoter Score: 85
Passed FASEA exam: Yes
13 / Mid North Coast
Hard hit by the recent floods, the mid-North Coast is comprised of the iconic cities of Port Macquarie, Coffs Harbour and Taree in NSW. The region has a subtropical climate and is known for its waterways, beaches and hinterland of forests and farms.
Key Stats:
Clients per adviser (Recurring): 107
FUA per adviser: $76M
Avg SMSF base per adviser: 18%
Most used investment platform: CFS FirstChoice
Most used software: XPlan
Most used research house: Lonsec
Most used life insurer: TAL
Most used investment consultant: Morningstar
Top adviser:
Adam Easter
Practice Name: Northcorp Wealth Management
Licensee: PGW Financial Services
Rating: 4.92
Reviews: 39
Net Promoter Score: 97
Passed FASEA exam: Yes
12 / Sydney - Inner West & South West / Blacktown
The Inner and Southern West of Sydney is sometimes recognised as the sporting heartland of Sydney, particularly rugby league and soccer. It has a diverse cultural mix and a relatively dense population.
Key Stats:
Clients per adviser (Recurring): 74
FUA per adviser: $65M
Avg SMSF base per adviser: 10%
Most used investment platform: Netwealth
Most used software: XPlan
Most used research house: Lonsec
Most used life insurer: AIA Australia
Most used investment consultant: Fund Managers
Top adviser:
Roger Sousa
Practice Name: Aspiram Financial Planning
Licensee: RetireInvest
Rating: 4.85
Reviews: 95
Net Promoter Score: 86
Passed FASEA exam: Yes
11 / North Sydney to Hornsby
The region more commonly referred to as the North Shore of Sydney has the highest household income of all regions in Australia. The North Shore’s largest commercial hubs are North Sydney and Chatswood, with North Sydney home quarters for many large organisations.
Key Stats:
Clients per adviser (Recurring): 81
FUA per adviser: $80M
Avg SMSF base per adviser: 26%
Most used investment platform: BT Panorama
Most used software: XPlan
Most used research house: Lonsec
Most used life insurer: TAL
Most used investment consultant: Lonsec
Top adviser:
Ben Smythe
Practice Name: Minchin Moore
Licensee: Minchin Moore
Rating: 4.71
Reviews: 75
Net Promoter Score: 83
Passed FASEA exam: Yes
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