Page 28 - Wealth Data News Today

The Treasury has outlined how advisers and their AFSLs can utilise the proposed experience pathway if they meet the requirements, as it opens a consultation period for feedback.

There are still over 3,000 financial advisers on the Financial Advisers Register (FAR) who are without a degree and expect to rely on the experience pathway to continue their careers.

Almost half of the Association of Financial Advisers’ board and leadership team have opted to leave as the organisation transitions to the Financial Advice Association of Australia.

If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the various different licensees.

There has been a net gain of 15 advisers joining the industry this week, including nine new entrants following their exam pass.

Wealth Data’s key adviser movements reported no net change of advisers in the week up to 16 March.

Adviser numbers were flat for the week ending 16 March, continuing the trend of stabilisation. Wealth Data reported a net increase of 52 adviser numbers year-to-date, but in the week leading up to

With ASIC proactively reviewing its financial advisers register, further bans on individuals and rising conflicts of interest among small licensees could be likely, according to Wealth Data.

With recent data finding female advisers represent just 23% of total advisers, Wealth Data has revealed which advice models attract the most women.

The adviser market looks to have evened out, with adviser declines continuing to slow. According to Wealth Data, there was a net loss of 13 advisers for the week ending 2 March, with the total numbe