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Showing 11 - 20 of 161 results for "Adviser numbers"

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... group's total number down to 104, Rainmaker modelling of the dataset reveals. Bridges also saw a massive drop in adviser numbers last year. At the end of June 2022, Insignia slashed 30 adviser roles because of integrating MLC Advice and Bridges. ...

Count welcomes chief financial officer

CHLOE WALKER  |  FRIDAY, 8 SEP 2023
... in its wealth business, with aggregated revenues rising 24%, gross earnings up 19%, and a significant jump in adviser numbers. "We are well positioned for growth with strong demand for services in all segments," Humphrey said. "As one of Australia's ...

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... wealth business, with aggregated revenues rising 24%, gross business earnings up 19%, and a significant jump in adviser numbers. In "a year of transformation", Count reported a very slight decline in net profit after tax, coming in at $5.1 million. This ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... of whom have been waiting for the dust to settle in the advice industry. Conversely, since many client-facing adviser numbers have dropped since the Hayne Royal Commission, sadly the recruiter had to farewell many high-quality advisers with 10 years ...

Adviser numbers drop, FAAA strengthens recruitment

KARREN VERGARA  |  MONDAY, 15 MAY 2023
As adviser numbers drop below 16,000, the Financial Advice Association Australia (FAAA) is ramping up its initiatives to curb the attrition rate and meet the soaring demand for advice. The FAAA's chief executive Sarah Abood, who spoke at the newly merged ...

FAAA suggests adviser pathway tweaks

CHLOE WALKER  |  FRIDAY, 5 MAY 2023
... said implementing an appropriately targeted experienced pathway could help to offset the substantial decline in adviser numbers over recent years, down 45% since 1 January 2019. "A significant number of older advisers, who might have left the profession ...

Uptick in adviser numbers: Research

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... several advisers in the non-aligned and super fund-aligned channels. "It remains to be seen whether this uptick in adviser numbers signals a recovery, or that the sharp December 2022 quarterly decline was a rogue figure," Rainmaker said. Boutique non-aligned ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... Of note, according to Rainmaker Information's breakdown of the ASIC Financial Adviser Register, financial adviser numbers are at their lowest in almost two decades, with a net 3250 (17.3%) exiting the sector last year. In light of dwindling adviser ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... there is now a greater need for advice-based longevity issues. "We're seeing heavy regulation impact financial adviser numbers which are dwindling, someone has to fill the gap," he said. "I don't know if that's robo advice, possibly." What ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... tracking at [about] the $10 million profit," he said. Rainmaker analysis shows that Insignia led the pack in terms of adviser numbers, followed by AMP. "How do we remain at the front of the pack as one of the largest? We need to continue to grow," Mota ...

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Older clients boost book values

KARREN VERGARA  |   12:38PM
A client book full of older clients are fetching a higher premium compared to last year, new advice practice valuations show.

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |   12:42PM
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business.

ASX advances CHESS replacement project

ANDREW MCKEAN  |   12:45PM
The ASX announced today that the CHESS replacement project has entered the delivery phase.

BlackRock launches new government bond ETF

ELIZA BAVIN  |   12:29PM
The 15+ year Australian government bond is part of BlackRock's commitment to expand its iShares product suite.

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