Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 195 results for "Adviser numbers"

FAAA names new chair as David Sharpe prepares to step down

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... focus heavily on navigating challenges surrounding the Compensation Scheme of Last Resort (CSLR) and rebuilding adviser numbers. Abood also thanked Sharpe for his significant contribution to the association. "David has led the FAAA through a formative ...

June adviser exam registers 72% pass rate

KARREN VERGARA  |  MONDAY, 6 JUL 2026
... which saw 292 candidates sit for the exam with a 71.6% pass rate. An analysis by Padua WealthData highlighted the adviser numbers dropping below 15,000, as seven licensees have reduced to zero advisers. In the new financial year, the adviser population ...

ASIC ceases a further 26 authorisations after review

MATTHEW WAI  |  FRIDAY, 3 JUL 2026
... Register (FAR) relating to compliance with the qualifications standard that took effect on 1 January 2026, as adviser numbers plummeted below 15,000 entering the new financial year. The review, commenced in February, identified that of the relevant providers ...

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
... He is now urging the government to cap the total CSLR levy so that advisers pay no more than $20 million until adviser numbers are sustained to ensure no Australians are missing out on the advice they need. "The financial advice profession is made up ...

WT Financial bets on scaling advice practices

RIDDHIMA TALWANI  |  THURSDAY, 2 JUL 2026
... capacity building, lead flow, and enterprise value and succession." Cullen noted rather than being just focused on adviser numbers for their own sake, WT Financial is focused on helping the practices in its network become stronger and better equipped ...

Super fund-backed AFSL adviser numbers drop: Rainmaker

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... Information reviewed a number of funds including Australian Retirement Trust, Aware Super and HESTA and found combined adviser numbers fell from 687 in March 2021 to 501 by March 2026. "This contraction contrasts sharply with the expansion in both membership ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... 9% said they intend to exit the industry. Seventy percent believe the CSLR levy will result in a reduction in adviser numbers. FAAA chief executive Sarah Abood said the findings highlight a growing disconnect between the intent of the CSLR and its real-world ...

SMSF Adviser Network shuts its doors, 85 advisers vanish from FAR

MATTHEW WAI  |  FRIDAY, 10 APR 2026
... Standard the SAN business has been deregistered but declined to comment further. SAN had seen a drastic reduction of adviser numbers over recent years, dwindling to 90 after the deadline for education requirements passed at the beginning of the year. ...

Adviser exam pass rate exceeds 70% for the first time in 12 months

MATTHEW WAI  |  TUESDAY, 7 APR 2026
... captured and considered in context," Abood said. Abood said the advice industry is struggling with a decline in adviser numbers which is not being offset by new entrants; a long training gap and legislated professional year requirements which create ...

FAAA urges inclusion of advisers on occupational shortage list

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... captured and considered in context," Abood said. Abood said the advice industry is struggling with a decline in adviser numbers which is not being offset by new entrants; a long training gap and legislated professional year requirements which create ...
PREVIOUS
NEXT