WEALTH DATA
Financial planning
While adviser numbers continued to decrease this week, it was at a slower pace than anticipated as many licensees are yet to report their data to the corporate regulator....
Financial planning
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....
Financial planning
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....
Financial planning
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....
Financial planning
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...
Financial planning
Most advisers are either giving superannuation and managed investments product advice but there are 200 advisers on the corporate regulator’s register that should not be ...
Financial planning
The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees....
Financial planning
The forecast pass rate for the last two exams only stands at 50% as the majority will be re-sitting, according to Wealth Data....
Financial planning
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....
Financial planning
IOOF Group has posted one of the heaviest losses of advisers with a departure of more than 400 since the start of the year....
Financial planning
Under 40% of financial advisers are members of the largest professional body representing financial planners in Australia, according to data....
Financial planning
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....
Financial planning
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...
Financial planning
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...
Financial planning
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...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...