SMBs optimistic despite challenges: Report
Confidence is on the rise across Australia's small to medium-sized business (SMB) community, with financial services sector firms among the most optimistic.
Data from the Sensis Business Index December 2015 survey found that confidence within the financial services sector was above the national average, with many respondents predicting the year ahead will deliver solid improvements.
"Confidence in this sector lifted two points to +40, keeping above the national average," the report said.
"Specific business strengths are the key cause of confidence, while difficult business, economic or industrial conditions are the dominant issue for those lacking confidence."
Over the last quarter, the survey found that sales by five points, while profitability remained stagnant.
The survey revealed that wages in financial services sector SMBs climbed by 14 points in the December with respondents forecasting continued growth.
"This quarter, sales expectations are a little higher (+9) but not for profitability (-6)," the report said.
"Employment (+5) and prices (+3) are just positive.
"For the year ahead there is a better outlook for sales (+22), profitability (+26), wages (+19) and prices (+24). However, employment (+1) and capital expenditure (0) will be flat."
AUTHOR
Nicholas O'Donoghue
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
