Colin Williams

Financial planning

Adviser numbers drop below 21,000 in November

The number of actual advisers has dropped through the 21,000 barrier this week, with the loss of a further 31 advisers, according to HFS Consulting’s data....

Financial planning

Over 30 advisers leave the industry

The exodus of financial planners continues as this week saw a further loss of 35 adviser roles, with AMP Financial Planning seeing again the highest number of departures,...

Financial planning

Women still largely underrepresented among planners

Almost 80% of financial planners, who are registered under the Australian Securities and Investments Commission’s Financial Adviser Register, are men. ...

Financial planning

More than 2,000 advisers depart industry in 2020

The latest data from the Australian Securities and Investments Commissions’ Financial Adviser Register has shown that the total net loss of adviser roles of 2,433 for the...

Financial planning

Instos still lead the way in adviser departures

Large institutions have posted the highest adviser losses year to date, with five of the biggest licensees accounting for net losses of more than 800 advisers. ...

Financial planning

Adviser exits only modestly offset by provisional adviser entrants

The exodus continues among financial advisers offset in a small way by a modest but growing number of provisional advisers. ...

Financial planning

AMP FP sees adviser numbers drop below 1,000

The biggest financial planning group in Australia, AMP Financial Planning, has lost 157 advisers so far this year bringing its total adviser complement to less than 1,000...

Financial planning

Outflow continues but adviser numbers higher than last year

Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. ...

Financial planning

The end of FY brings more net losses for adviser numbers

The end of the financial year has brought more changes for licensees which are reflected in their adviser numbers which continued to drop, according to HFS Consulting. ...

Financial planning

Why aren’t super funds moving to fill the advice gap?

New analysis from KPMG has confirmed the environment is ripe for industry superannuation funds to fill the advice gap left by the exit of the major banks but there is lit...

Financial planning

Adviser shortages could last nearly a decade

Given that number of financial adviser exits is nearly double the number of new entrants, it seems likely that restoring financial planning numbers to their pre-Financial...

Financial planning

Big adviser groups facing degree deficit

Some of Australia’s largest financial advice groups are facing the problem of too few advisers who are degree qualified leading to the need for strong succession planning...