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Australia's planning industry will follow UK trends


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The financial planning industry in Australia will follow in the UK’s footsteps and see similar trends and turnaround to what happened in the United Kingdom a few years ago, according to WT Financial Group. 
WT Financial Group’s managing director, Keith Cullen, said during a webinar on Monday that after a review of the industry, the UK’s financial planning industry initially experienced a “somewhat of a downturn in value in the industry and internal value”, but then it quickly turned around and saw a significant growth. 
“The Royal Commission had a big structural impact on the industry, and you might have read about a lot of advisers leaving the industry, about banks getting out of the space altogether, that have been spooked by the Royal Commission. Well, look, we saw a similar thing to this in the UK,” he said.  ....

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