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Showing 61 - 70 of 155 results for "Financial Adviser Register"

Count Financial adds two practices

KARREN VERGARA  |  WEDNESDAY, 9 JUN 2021
... population as at June 3 shows that the number of advisers dropped to 19,922, according to ASIC's Financial Adviser Register. IOOF's Consultum Financial Planning is the largest dealer group with 385 advisers.

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... declining about 11% compared to this time last year. As at June 3, Rainmaker analysis of ASIC's Financial Adviser Register shows that there are currently 2144 active AFSLs. This is compared to 2175 this time last year, then home to 22,307 advisers. ...

Low FASEA pass rate continues

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... sittings. Over 13,500 advisers have now passed the exam, representing 65% of the advisers on the ASIC Financial Adviser Register. All existing financial advisers must pass the FASEA exam by 2021 end to stay in the industry. Only 1182 advisers have had ...

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
... among financial advisers across all states and territories. Rainmaker analysis of ASIC's March Financial Adviser Register reveals Colonial FirstChoice is the most-used platform nationwide. In New South Wales and the nation's capital, Perpetual ...

Adviser numbers at five-year low

KARREN VERGARA  |  FRIDAY, 23 APR 2021
... Royal Commission days, ending at 20,667 in the first quarter of 2021. Rainmaker analysis of ASIC's Financial Adviser Register found that the total number of financial advisers have tapered off to levels experienced in 2016 (see Figure 1). About five ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... who essentially are distribution arms for life insurers. According to Rainmaker analysis of the ASIC Financial Adviser Register, 5142 advisers ceased in the 12 months to April 14. Anderson is urging the government to include clients in the review - who ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... Details of any disciplinary action against an adviser by the FSCP may also be published on the ASIC Financial Adviser Register, including warnings, reprimands, directions to undertake specified training, counselling or supervision, orders suspending ...

Aware to restructure advice offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... the start of 2020 First State had 232 financial advisers, according to Rainmaker analysis of the ASIC Financial Adviser Register. As of the latest ASIC FAR data it has 244, although 53 advisers did leave the AFSL in that period, reflecting no redundancies ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... pass rate for second attempts overall. Now, 13,440 advisers of the approximately 20,000 on the ASIC Financial Adviser Register have sat the exam. FASEA revealed that analysis of the exam results showed that advisers underperformed in financial advice ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... financial advice sector is losing thousands of advisers a year (just over 20,000 remain on the ASIC Financial Adviser Register now) - highlights issues with the funding model and will cause more advisers to exit the industry. The group says the funding ...