financial advisers

Financial planning

Over 40% of advisers looking to leave industry due to stress

Administration and compliance accounts for nearly 30% of all financial adviser work tasks and those factors along with education requirements look to be barriers to busin...

Financial planning

Over 1,200 advisers quit year-to-date

Around 300 financial advisers are known to have passed their Financial Adviser Standards and Ethics Authority exam but left the industry this year, according to data. ...

Financial planning

‘Career break’ should be last resort for exam takers

To avoid any uncertainty over the Financial Adviser Standards and Ethics Authority exam scheduling next year, advisers should only take the ‘career break’ option as a las...

Financial planning

Adviser industry suffering highest levels of burnout

Over 80% of financial advisers say they find regulatory and compliance demands to be highly or very highly stressful, according to a report. ...

Financial planning

Don’t look for FASEA exam ‘loopholes’: AFA

Advisers who want to continue in the industry should do everything they can to pass the exam this year as it is not clear whether they will be able to sit an exam next ye...

Financial planning

5 has been the most FASEA exam sittings

Five times is a charm for one adviser who sat the Financial Adviser Standards and Ethics Authority exam that many times before passing. ...

Financial planning

Total number of advisers drop below 20,000

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...

Financial planning

Call to use Single Disciplinary Body to reduce, not increase costs

The Government and Treasury should seek to avoid repeating the FASEA mistakes by using the establishment of a Single Disciplinary Body to reduce regulatory costs. ...

Financial planning

Almost 60 advisers leave this week

As licensees continue to clean up their books before 30 June, this week saw a departure of 58 advisers, according to HFS Consulting. ...

Superannuation

SMSF scammers posing as financial advisers

The scammers are promising high returns of 8% to 20% per annum if the investors moved their super balance to a new self-managed superannuation fund. ...

Financial planning

Demand for advice jumps from younger clients

Financial advice is seeing appeal from younger investors with deVere Group seeing a 54% jump year-on-year in enquiries from under-30s. ...

Financial planning

Aussie advisers see lowest rate of ESG requests globally

Despite 83% of individual investors wanting investments that align with their values, just 16% of financial advisers in Australia say they have been asked about environme...

Financial planning

Centrepoint introduces fee model for part-time advisers

Advisers on maternity leave, paternity or otherwise looking to work part-time are being offered a flexible fee model by Centrepoint Alliance....

Financial planning

ASIC considers regulatory relief for limited advice ROAs

Responding to adviser submissions, the Australian Securities and Investments Commission has confirmed it is considering providing regulatory relief so that advisers can p...

Financial planning

Women could fill advice gap

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