Wealth Data

Financial planning

The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June....

Financial planning

Limited advice sector ‘dead in the water’ after EOFY losses

Financial year losses of limited advice advisers could mean the sector is “dead in the water” going forward after a continuous decline. ...

Financial planning

EOFY brings ‘bloodbath’ of adviser losses

Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350. ...

Financial planning

June adviser losses surpass 100

After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territor...

Financial planning

The business model set to drive EOFY losses

With adviser losses set to continue, Wealth Data founder Colin Williams has detailed which business model is likely to drive the exodus. ...

Financial planning

Adviser losses quadruple, signalling heavy EOFY losses ahead

Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months. ...

Financial planning

Back-to-back adviser losses reported in June

In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses....

Financial planning

Big 4 bank bids farewell to financial advice industry

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

Financial planning

Client profitability key as advisers navigate growing cost to serve

The days of financial advisers being “all things to all people” are behind us, according to this founder, as the cost to serve passes $4,000....

Financial planning

How are adviser numbers sitting for FY24–25?

With only one month to go until the end of the financial year, are current adviser numbers on track to report a gain for 2024–25?...

Financial planning

Adviser numbers return to double-digit growth

The financial advice profession has enjoyed a recovery this week as numbers surpassed 15,600 yet again, following the largest decline in the calendar YTD last week....

Financial planning

Holistic advice models reporting 2% growth in FY26 YTD

Financial advice business models focused on holistic and investment advice have grown by just 2 per cent so far this financial year, according to Wealth Data....