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/PRNewswire/ -- The Blood Profiling Atlas in Cancer (BLOODPAC) Consortium will host a virtual liquid biopsy summit – the consortium's first – to provide an...
There was no let-up in compliance and regulatory changes for financial advisers in 2021, writes Laura Dew, as they rushed to meet the FASEA deadline by the end of the year.
Wealth Data also showed that licensees with 100 or more advisers was made up of only 37 licensees (1.76%) of all licensees, but they represented 8,910 (45.64%) of all adviser roles. Meanwhile, at the other end of the spectrum, there were 777 single adviser licensees which accounted for 36.91% of all licensees but only 4.01% of all adviser roles. By comparison, Money Management’s 2020 TOP Financial Planning Groups research found that over the last five years the total number of the Australian financial services license (AFSL) holders rapidly went up from 1,200 in 2015 to around 2,100 ...
According to the survey, in 2015 AMP FP had over 1,700 active authorised representatives who were financial planners and since then the firm had continued to lose advisers, recording a fall to 1,650 and 1,500 planners in 2016 and 2017, respectively. Source: HFS Consulting At the same time, as at the end of December, 2020, AMP Group managed to maintain its dominant position and had jointly 1,598 advisers on its books against IOOF, which came second with 1,249 planners operating under its umbrella. Excluding National Tax and Accountants Association (NTAA), MLC Group ended the year as the third ...
Print This week saw a departure of another 90 adviser roles – more than three times compared to the same time period two weeks ago – with 48 licensees reporting a loss of at least one adviser role, according to HFS Consulting. At the same time, only 26 licensees managed to grow their adviser base during this week. The data, which relied on the analysis of the Australian Securities and Investments Commission’s (ASIC’s) Financial Adviser Register (FAR), showed that AMP was responsible for a loss of close to 30 advisers this week given that 17 advisers moved away from Charter Financi...