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Poor performance and customer service have driven advisers away from fund managers, but those lost flows are still being made up via managed accounts and ETFs, with active management still being required in volatile economic markets, according to research from Investment Trends.
Eric Blewitt will take over as chief executive of Investment Trends later this month, as Sarah Brennan becomes chair of the research house's newly established advisory board.
A new report looking at the needs of Australian advisers and their businesses was released this week. The recommendations to change the regulatory framework in advice put forward in the Quality of A
Around one in four advisers expect to leave the industry in the next half decade, according to Investment Trends, with compliance burden being the largest attributing factor.
One in four advisers expect to leave the industry within the next five years as the cost of providing advice continues to rise, according to a new report.