by Adviser Ratings
It’s probably an understatement to say it has been a tumultuous year for the financial advice industry. Here, we re-visit the big stories that resonated with advisers through our communications since January. From the Royal Commission to ongoing…
by Adviser Ratings
With news that AMP unilaterally opened new super accounts for clients they owed money to and a pending class action lawsuit against National Australia Bank making headlines – is it any wonder advice continues to have a trust issues in the wider…
by Adviser Ratings
Our newly released 2019 Australian Financial Landscape Report is now available. It’s one of the most comprehensive documents you’ll find that deals with issues right across the financial advice industry. Chapters include Adviser Movements and what…
by Adviser Ratings
Significant changes are being implemented to restore trust back into the sector so consumers can feel comfortable that advisers and the general banking and wealth sector are looking after their best interests. With a $2.9 trillion pool of…
by Adviser Ratings
Advisers who completed our Landscape Survey have been receiving our regional reports in recent days. We reveal a few choice snippets here from the region with the highest earning incomes across Australia. It's the band between North Sydney to…
by Adviser Ratings
There are concerns that the advice industry is in the midst of a perfect storm of rising costs that will ultimately make accessing advice unaffordable for the majority of Australians. Increasing regulatory and compliance costs, rising PI insurance…
by Adviser Ratings
The Government recently released draft legislation to implement 22 recommendations from the Banking Royal Commission. Early feedback indicates many in the industry remain concerned about the impact the new legislation will have on profitability of…
by Adviser Ratings
More than 30 percent of all advisers in the industry were on the move in 2019 alone. They either ceased advising, switched licensees or returned to advice. The movements of advisers and structural change in the industry is unprecedented and ongoing.…
by Adviser Ratings
This week ASIC released an update on compensation for financial advice related misconduct for six of Australia's largest banking and financial services institutions. Although the amount paid or offered to clients is nearly $750 million, the…