Page 33 - Wealth Data News Today

Around 52 per cent of advisers have passed the last adviser exam before the September extension deadline but this leaves several hundred advisers that will need to come off the ASIC Financial Adviser Register and whether they do it before or after 30 September matters significantly.

According to the latest estimates, some 7,500 advisers could benefit from the government’s streamlined education standards. ASIC’s Financial Adviser Register (FAR) currently boasts 16,356 advise

According to the latest estimates some 7,500 advisers could benefit from the government’s streamlined education standards. ASIC’s Financial Adviser Register (FAR) currently boasts 16,356 advisers

Analysis from Wealth Data has established how many advisers could potentially benefit from the recent consultation on the education standard, but there are a few caveats for what the exact number could be.

The financial advice profession has fallen by four to 16,394 with the financial year still looking strong, adding 152 compared to 76 for the corresponding period last year, according to Wealth Data.

Alleged Canberra Airport shooter charged; Nationals leader David Littleproud says Scott Morrison’s move to secretly swear himself into health, finance, resources portfolios “disappointing”. Follow updates here.

The financial advice industry has declined by eight advisers to 16,400 this week with the financial year still looking strong, up 150 compared to 82 for the corresponding period last year, according to Wealth Data.

The financial advice profession has lost 24 advisers, the first big negative week for the new financial year.

Diverger has ended discussions to acquire Centrepoint Alliance due to lack of “meaningful engagement”. However, neither party is ruling out future scale plays within the industry.

The financial advice industry has seen its first negative week of losses for the financial year, losing five, although the net gain for the year is still solid at 174, according to Wealth Data.