Count-Diverger merger to create 3rd largest licensee
The planned acquisition of Diverger by Count will create the third-largest licensee in Australia, behind Insignia and AMP.
Source: moneymanagement.com.au
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Insignia outpaces AMP with over 100 adviser losses
Insignia is fast becoming the licensee to feel the biggest brunt of adviser departures, losing 24 this week and over 100 in the past calendar year, which is three times that of rival AMP, according to Wealth Data.
Source: moneymanagement.com.au
Female advisers comprise less than a quarter of the profession
According to Wealth Data, less than a quarter of all financial advisers on the ASIC FAR are women, with the accounting and super fund business models having the highest number of female advisers.
Source: moneymanagement.com.au
NextGen adviser numbers plummet
Following a loss of 23 advisers over the last two weeks, the licensee’s current adviser numbers sit at just 20 compared to more than 120 in 2019, Wealth Data reports.
Source: moneymanagement.com.au
Advisers short-selling themselves by up to 50%: WT Financial
Advice firms should be targeting as much as $700,000 per annum per adviser in ongoing advice fees as clients could be willing to pay higher advice fees than advisers are charging, according to WT Financial.
Source: moneymanagement.com.au