Disclaimer
The annual Money Management Salary Survey is conducted by the Financial Recruitment Group, and examines current remuneration packages in the financial services sector, compiling data on both salary levels and bonus or incentive payments.
The data provided on financial planners does not include those individuals who own their own practice, or other types of self-employed advisers, as determining the actual salary of a business owner is difficult due to their tendency to reinvest profits back into the business. As such, all planners surveyed for this research are those working on a salaried basis.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
