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Showing 81 - 90 of 190 results for "Adviser numbers"

Perpetual acquires advice firm

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... this space and higher qualification requirements for advisers. "This has resulted in a significant reduction of adviser numbers, making it increasingly difficult for many Australians to access quality advice to support them through change. Perpetual's ...

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
The number of authorised financial advisers has officially dipped to 19,922, 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. ...

Adviser numbers at five-year low

KARREN VERGARA  |  FRIDAY, 23 APR 2021
... number of financial advisers have tapered off to levels experienced in 2016 (see Figure 1). About five years ago, adviser numbers floated above 20,000 and peaked at nearly 30,000 at the end of 2018 as the Hayne Royal Commission was finalising its verdict. ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... group says the funding model doesn't account for changing industry dynamics, is contributing to the decline in adviser numbers, and shifts a disproportionate burden to those remaining in the sector. The industry groups also say ASIC's preliminary cost ...

Australia to echo UK advice growth

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... such as the 2012 Retail Distribution Review and General Data Protection Regulation in 2018, which saw financial adviser numbers fall and firms leaving the space. However, after a two to three-year period, the industry in the UK became more efficient ...

Centrepoint Alliance posts $1.6m NPAT

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
Centrepoint Alliance reported $1.6 million in NPAT for the December half, as its total adviser numbers dropped slightly to 308. Gross revenue for the period was $70.6 million up 15% to the six-months ending June. Centrepoint's revenue comes from a mix ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... operational process, and a focus on deliverables in core businesses," Rowe said. Count Financial noted a drop in adviser numbers over the 12 months from 284 to 238. It expects a further 40 advisers to join the licence in the second half of the year and ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... that the dramatic increase in the levy is not consistent with revenue growth for advisers and the decrease in adviser numbers, which was 3100 over the 2019/20 financial year. "In three years of operation, the levy for financial planners will likely have ...

Sequoia completes acquisitions

ANNABELLE DICKSON  |  TUESDAY, 2 FEB 2021
... developments are the latest in a set of strategic plans for Sequoia. In November it announced its plans to increase its adviser numbers and licensees to adjust to the shifting landscape of the financial advice industry.