The burden of the Financial Adviser Standards and Ethics Authority’s requirements combined with the high costs imposed by the Australian Securities and Investments Commis...

This week saw a big drop in adviser numbers to 19,953 as licensees with limited advice services continued to cut advisers roles and advisers opting not to proceed with th...

Another 10 licensees chose to shut down, a move that represented a loss of a total of 17 adviser roles during a single week, according to HFS Consulting. ...

Another eight licensees chose to close this week, which translated into a loss of 15 adviser roles, while the number of actual advisers continued to drop to 22,201. ...

The proposal to have financial advisers registered under the new disciplinary regime will seek a fee and the registration will need to be renewed annually. ...

Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...

Most Financial Planning Association student members coming through are women, who are likely to reshape industry demographics as existing advisers leave the industry. ...

Although a quick look at the ASIC’s Financial Adviser Register shows a departure of another 33 advisers from the industry this week, it is equally important to understand...

With this week’s adviser movement dominated by ANZ Banking Group, which took 20 ‘advisers’ off the Australian Securities and Investments Commission’s Financial Adviser Re...

Former adviser, Jim Pavlidis has been banned for three years after a review of his advice showed he failed to provide financial advice in the best interest of his clients...

Despite a slow start to the year, at least seven licensees reported net gains of two new adviser roles this week on top of 18 licensees who managed to add one new adviser...

Adviser numbers were already running close to 15% below the industry’s long-term average even before the end of 2020 and before the Financial Adviser Standards and Ethics...

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....

The Australian Securities and Investments Commission is going to have to explain why it chose to describe a man convicted of dishonest conduct as a ‘financial adviser’ wh...