Small licensees are further expected to close in the coming weeks with the number of advisers expected to reach between 15,000 and 16,000 this year, according to Wealth D...

The net change in adviser numbers between 23 December and the second week of January was 603, with that number expected to grow further in the weeks ahead....

The financial advice industry is finishing the year with a loss of 2,189 advisers, however the worst is yet to come, according to Wealth Data....

Over 1,300 advisers are expected to drop off the Australian Securities and Investments Commission’s register between now and the start of the next year....

The first week of December sees heavy losses again in adviser numbers with a net change of advisers of over 120 while the net losses for the year stood at 2,062, accordin...

The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees....

The forecast pass rate for the last two exams only stands at 50% as the majority will be re-sitting, according to Wealth Data....

Almost all adviser groups experienced adviser losses in 2021 except small self-licensed advisers which has been the “one area of growth”, according to Wealth Data....

Under 40% of financial advisers are members of the largest professional body representing financial planners in Australia, according to data....

IOOF, AMP, and NTAA Group have disproportionally lost the most advisers since the start of the year compared to the rest of the sector, according to Wealth Data....

Only 39% of those who were resat the Financial Adviser Standards and Ethics Authority’s exam in July passed it, compared to the overall pass rate of 60%, according to Wea...

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...

New licensees offering holistic advice have seen a net growth of 120 adviser roles since the start of the year and are the fastest-growing type of financial planners, acc...

While the authority argues the high pass rate shows it is an achievable exam for “competent” advisers and has been a boost for consumer confidence in the industry, data s...