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Adviser numbers fall below 20kBY KARREN VERGARA | THURSDAY, 3 JUN 2021 12:34PM
The number of authorised financial advisers has officially dipped to 19,922, declining about 11% compared to this time last year.
Read more: IOOF, Consultum Financial Planning, ASIC, AMP Financial Planning, Capstone Financial Planning, Charter Financial Planning, Financial Adviser Register, Interprac Financial Planning, Lifespan Financial Planning, Merit Wealth, Morgans Financial, SMSF Advisers Network, Synchronised Business Services
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AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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