Adviser numbers close in on 17kBY KARREN VERGARA | FRIDAY, 18 MAR 2022 12:39PMThe number of financial advisers is close to dipping below the 17,000 mark as more than 700 recently exited the industry. Related News |
Editor's Choice
Insignia research, retirement income head to depart
Insignia Financial has confirmed its head of research and retirement income is set to leave the business as part of an ongoing wider change.
Geopolitical risks push APAC family office allocations locally
Geopolitical risks are dictating how family offices in the Asia Pacific invest as more intend to shift asset allocations to their home regions, according to UBS.
New platform launches for high-net-worth families
The new wealthtech platform aims to assist in intergenerational wealth transfers.
SEC approves eight Ethereum ETFs
The SEC has given it's stamp of approval for Ethereum ETFs, including for BlackRock, Fidelity and VanEck among others.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
The risk advice sector has been absolutely gutted, there's no other word for it.
No thanks to the government, ASIC, the product manufacturers, the banks, industry funds sector and of course Mr. Hayne and his botched enquiry.
What a sad and sorry legacy, glad I retired when I did a few years ago.
You are 100% correct in you assessment Alan.
Yep, I endorse both comments above. Risk industry will have majority, 90%+, of advisers fully gone by 2026 and the life companies will realize they should have been careful wishing for what they did and shafting dedicated risk advisers. Their 2 year responsibility period, untenable premium increases and desire to reduce commissions will see them very much on their own, sadly, attempting to market policies through investment advisers (ineffective at best) and their lauded Robo-Advice. This will be an absolute compliance minefield and, again, ineffective. Life companies are going to find VERY difficult financial times ahead, starting mid-decade. Their statutory funds will be sorely tested. Don't even get me started on the stripped down policies, reduced benefit periods in IP with useless contractual definitions. Consumer and compliance nightmare coming soon. Bank on it, too late to save it now unfortunately!