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News and Research
In the final days of the financial year, Money Management reviews the number of charges made by ASIC against current and former financial advisers in the second half of 2021/22.
New business for disability income insurance has grown 2.5% after reaching a 10-year low last year while the attrition rate has grown for the first time in nine years.
Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large client book.
Adviser exits have fallen for the second consecutive week, from nine exits to five, while 16 provisional advisers commenced.
There was a notable improvement in the number of adviser exits this week with less than 10 advisers leaving, compared to several weeks of triple-digit falls.
