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Showing 51 - 60 of 190 results for "Adviser numbers"

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... postponed many events which would normally add revenue. The overall profession has been in structural decline, with adviser numbers reducing by over 14% in the year. While the FPA's membership reduced by less (just over 7%), it still reduced, and ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... sector, including industry reform, new FASEA education and professional standards, changes to business models, and adviser numbers within large AFSLs. "These factors have caused a number of financial planners to leave the profession," the FPA said. "This ...

Advice fees jump 16% in FY22

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
... by more than double the current rate of inflation." Further, the report noted since the end of 2018, financial adviser numbers have fallen by 43% to 15,908 from 27,929, placing further pressure on the sector. "The mass exodus of advisers from the financial ...

ASIC FAR drops as deadline looms

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... industry has shed 2289 advisers, according to Rainmaker analysis. Recent research from Rainmaker suggested that, if adviser numbers continue to drop at the same rate they have in the last three years, Australia will run out of advisers by 2027. In the ...

FPA calls for sunset on experience pathway

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2022
... affordability of advice for Australians. "In fact, our members are concerned the proposal will actually worsen adviser numbers over time, by making the profession less attractive to new entrants. If a tertiary qualification is perceived to be no longer ...

A year of change: Phil Anderson

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... situation and called on everyone to be kind and empathetic with colleagues who are impacted. "What does it mean for adviser numbers, when this 500 come off the register by the end of this month? As we go into next month, we're likely to see a number ...

The time for change is now: Jones

CASSANDRA BALDINI  |  WEDNESDAY, 21 SEP 2022
... should seriously ask ourselves why we are doing that," Jones said. Jones was also questioned as to whether falling adviser numbers would see super funds, banks and insurers considered to provide some form of advice and plug the gap - something that has ...

Adviser losses now baked in: Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
New analysis of financial adviser numbers speculates as to how big the industry might be in 20 years' time, presenting a range of scenarios - including a world in which there might be no advisers left. Adviser numbers hit their peak in 2019 at 26,500 ...

The time is right: AFA chief

CASSANDRA BALDINI  |  FRIDAY, 2 SEP 2022
... however in the last few years other pressures have existed in the financial advice profession; the reduction in adviser numbers was one of the factors that ultimately led us to this point," he explained. "The reality is the advice profession has been ...

Adviser exits fuel salary increases

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
... all levels of financial advice. Kaizen said these increases have been driven by, among other things, decreasing adviser numbers, adviser experience gaps, business exits and the compliance burden, all making attracting and retaining talent challenging. ...