Wealth Data

Financial planning

Volume of advisers’ potential clients rises by 74%

Population growth combined with a shrinking number of advisers means there has been a 74% rise in potential clients available per adviser, while total superannuation per ...

Financial planning

Concerns raised about backdated adviser resignations

There are concerns regarding registrations on the Financial Advisers Register as smaller licensees close with backdated resignation dates. ...

Financial planning

The sole licensee group seeing growing adviser numbers

There is only one licensee group which is showing positive movement over the last 12 months, according to WealthData, while Insignia has taken the lead in hiring provisio...

Financial planning

Over 350 new entrants join industry YTD

There have been 355 new entrants to the financial advice industry so far this year, a number equivalent to the third-largest licensee. ...

Financial planning

Adviser gains steady after exam fallout

There has been a steadying of adviser numbers this week as it reports gains following initial high numbers of exits after the financial adviser exam deadline....

Financial planning

Adviser numbers fall by 16

There was a net negative change of 16 advisers last week, up from five in the previous week....

Financial planning

Slowdown in provisional adviser growth

There has been a slowdown in the growth of provisional advisers this week following several weeks of double-digit growth, according to data from Wealth Data....

Financial planning

The firms bucking the trend of adviser losses

Two firms have been identified as leaders in adviser growth year to date but their gains are dwarfed by adviser losses from large groups. ...

Financial planning

Surprise as industry reports gains after triple-digit falls

Fears of a third week of triple-digit falls have been dispelled after the industry reported net positive change this week....

Financial planning

Will QOA see banks re-enter advice field?

The Quality of Advice Review could see banks re-enter the advice market if steps are taken to make advice easier to give....

Financial planning

Industry drops below 16,000 for first time

The industry has reported one of its largest-ever weekly falls as the number of advisers falls below 16,000 for the first time....

Financial planning

Triple-digit loss as unsuccessful candidates exit FAR

There was a triple-digit loss of advisers this week as many who had failed to pass the adviser exam by the 30 September deadline came off the Financial Advisers Register....

Financial planning

Adviser numbers more than halve at AMP

The number of advisers at AMP is approaching less than 1,000, compared to over 2,600 at the start of 2019....

Financial planning

FY23 sees growth of 130 advisers

In the financial year to date, there has been a net gain of 130 advisers compared to growth of zero at the same time last year....

Financial planning

Adviser growth ends six weeks of losses

The number of advisers has grown this week, ending six consecutive weeks of adviser losses, while there were record numbers of provisional advisers joining the industry....