Page 25 - Wealth Data News Today

The experience pathway’s passage through Parliament has been welcomed by the industry as a way to prevent further adviser exodus.

The firm’s licensee services business was a “standout” despite weaker results in FY23, says CEO Garry Crole, with attracting existing advisers a key focus in this financial year.

Looking at changes in adviser numbers since H2 2021 in terms of appointments and resignations, research reveals just two licensee groups report a net positive change.

With the growth of micro-AFSLs and new licensees in a shifting advice landscape, business development ma

The FAAA is very pleased with membership renewal numbers. In a statement on Friday, the Financial Advice Association (FAAA) said the number of advisers who have renewed, or are in the process of ren

Falling just short of previous forecasts, recent figures indicate FAAA members now comprise almost 50 per cent of the ASIC FAR, according to Wealth Data.

The SMSFA Association has said that the need for accredited specialists is now greater than ever and has pushed for more advisers to become accredited SMSF specialists after noting an increasing dem

There are 300 more micro-AFSLs this year than in 2019, but the majority of advisers still work at large licensees with more than 100 advisers.

With the advice industry experiencing a loss of advisers, holding a solid client book is no longer a requirement as many firms may already have existing clients but lack sufficient advisers.

The Quality of Advice Review may be hoping to reduce regulatory red tape but the need for temporary support staff and paraplanners is on the rise as more advisers opt for a micro-AFSL structure.