900K unadvised consumers the best case scenario from here
The financial advice profession as it exists cannot hope to mop up more than a quarter of the estimated 1.2 million unadvised Australians following the industry's precipitous drop in numbers, Simon Hoyle writes.
February 25, 2022
‘Corporatisation of advice’: Insignia eyes a larger, more efficient network
Insignia has harnessed scale while not being afraid to let go of inefficient businesses and the result is an average of almost half a million in annual revenue per adviser.
February 24, 2022
Part-time licensing in the frame: ‘Flexibility is quite challenged’
As flexible working arrangements have become more commonplace in the wake of the pandemic era, the advice industry is faced with a challenge in making the industry attractive, not only to new entrants but to existing members.
February 23, 2022
Decline in CFP numbers a win for FPA
The number of CFP professionals has dropped in Australia, but at a much lower rate than the industry wide total of advisers.
February 23, 2022
The most profitable advice firms surge ahead of the pack
The gap between the top revenue producing advice businesses and the wider industry has dramatically increased over the last two years, while clients continue to show they value the advice relationship above all else.
February 22, 2022
Advisers expect 10pc revenue growth in 2022
Over 70 per cent of advisers expect revenue to grow over 10 per cent this year with only a small minority expecting a decline, research from CoreData has found.
February 22, 2022
Smaller platforms out-rating larger peers in functionality
Without the benefit of scale, its three independent platforms that lead the way for functionality according to research from Investment Trends.
February 21, 2022
‘Caught off guard’: Why the FPA shifted its view on the education pathway
Initially showing some support to the education pathway proposal, member feedback over the summer holidays led the FPA to counter with a comparatively restricted proposal to what the Government offered.
February 18, 2022
‘We will only be trusted if we deserve to be trusted’: Magellan to re-build adviser relationships
After posting record H1 results – and confident Hamish Douglass will return soon – the group has turned its focus to strengthening ties with advisers who have lost confidence in the investment manager.
February 18, 2022
Retirement Covenant needs to solve advice question: KPMG
Trustees addressing the Retirement Income Covenant will be challenged finding a balance between providing retirement income solutions without falling foul of the rules regarding the provision of financial advice, according to KPMG’s Cecilia Storniolo.
February 17, 2022
