Adviser Ratings claims 850 sign-ups
The recently-established financial planner ratings business, Adviser Ratings, claims to have signed up 850 advisers in the three weeks since it launched.
The company also said it had received around 13,000 site visits since its launch.
The company's principal, former Virgin Money chief financial officer, Angus Woods described it as a strong response from advisers and clients.
"Our ratings and review service features strict controls, with advisers now comfortable with the opportunity to promote themselves and monitor their clients' attitudes toward them," he said. "Advisers are screening and responding to clients' reviews and ratings before they are published on our closely monitored website, providing them with strong protection."
The company's announcement quoted a number of planners giving positive feedback on their experience using the site.
Recommended for you
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.
Two advice professionals have shared five key takeaways as to how advisers can strengthen their communication with clients, especially at review time, in order to build deeper relationships.
The Financial Services Council has launched the Digital Advice Expert Group to support policy development around digital advice adoption and ensure greater accessibility for Australians.
MLC Asset Management’s managed account offerings have hit $2 billion in funds under management, underpinned by over half of financial advisers’ usage of the investment products.