Financial Standard launches its FS Power50 guide today, recognising the 50 most influential financial advisers in Australia as voted by the industry.
In compiling the list, Financial Standard defined "influential" as individuals who have been or continue to be instrumental in shaping the future of the financial advice industry.
"Being an influential figure is much more than having a far-reaching online profile. It is about owning your position in the workplace and developing credibility; it is about sharing your knowledge base; and it is about being an active community participant at large," Financial Standard editor Darren Snyder said.
"Financial advisers, as influencers, can and should make a difference to people's livelihoods. In my mind there is every opportunity for Australia's financial advisers, all 23,000 of them, to become the country's largest group of influencers."
Following the Royal Commission inquiry, there has never been a better time to acknowledge those who are striving to lift the professionalism of the industry, Snyder added.
The list of individuals was determined through an industry-wide nominations phase, which drew more than 500 nominations.
One hundred and five financial advisers made it to the voting phase, which drew more than 5000 votes.
All 105 shortlisted nominees then went through a final editorial vetting process, which yielded the final 50 financial advisers that made it to the FS Power50 guide.
"This year's Power50 list draws a mix of political, social and industry clout," Financial Standard executive director of media Michelle Baltazar said.
"In our analysis of the 50 advisers who made the list, all of them are pushing for more stringent educational standards, devoting more time to work with local communities and keeping pace with changing expectations to do right by their clients.
"There's Eleanor Dartnall who helped push through the downsizer contribution reforms this year, Ben Nash who published a finance book for millennials and Charles Badenach who wrote a guide to help migrants understand the financial system better."
All 50 financial advisers featured in the list were screened to ensure they are all licensed to provide personal advice based on the ASIC FAR (Financial Advisers Register), have met current minimum professional educational standards, and are members of at least one industry association.
The guide is also featured in the latest print edition of Financial Standard.