ADVISER NUMBERS

Financial planning

The industry has reported one of its largest-ever weekly falls as the number of advisers falls below 16,000 for the first time....

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Financial planning

There was a triple-digit loss of advisers this week as many who had failed to pass the adviser exam by the 30 September deadline came off the Financial Advisers Register....

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Financial planning

The number of advisers has grown this week, ending six consecutive weeks of adviser losses, while there were record numbers of provisional advisers joining the industry....

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Financial planning

Firms are “going to great lengths” to retain financial advisers, offering them pay rises as high as $50,000 or extra responsibilities to prevent their departure....

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Financial planning

The number of financial advisers increased this week due in part to most resignations being filed for the previous financial year and most appointments being filed for th...

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Financial planning

Adviser exits have fallen for the second consecutive week, from nine exits to five, while 16 provisional advisers commenced....

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Financial planning

The financial advice profession has lost 89 advisers this week following three consecutive weeks of triple-digit falls to see 499 advisers leave in the last four weeks....

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Financial planning

The financial advice industry has fallen by triple digits for the third week in a row, according to Wealth Data, with year to date licensee closures more than double the ...

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Financial planning

Over 100 more advisers have left the industry this week compared to the previous week as ASIC catches up with those who have left due to failing the financial adviser exa...

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Financial planning

Demand for financial advice is expected to surge in the next two years with 2.6 million non-advised Australians intending to seek professional help, according to a survey...

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Financial planning

The Government does not deserve credit for fixing “no brainer” issues in the industry and needs to acknowledge that it can regulate an industry out of existence, accordin...

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Top 100

Money Management’s 2021 TOP Financial Planning Groups survey has confirmed that the number of financial advisers operating under the umbrellas of the largest groups has d...

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Financial planning

The roadblocks that have been put onto the advice industry will not affect the big end of town accessing advice, only the ones that need advice the most, according to Con...

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Financial planning

Opening the November exam to all advisers and the conditional September 2022 extension could drastically improve how many advisers are on the Financial Adviser Register a...

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Financial planning

Economics will eventually solve the adviser supply issue but not before the industry is recognised as a profession with the lag between people wanting to become advisers ...

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