An industry in good health
It says something about the health of the Australian financial planning industry that Money Management’s 2009 Top 100 Dealer Groups survey has revealed that despite the impact of the global financial crisis, the numbers of financial planners in Australia has actually risen.
Given the time frame across which the data for the Top 100 survey was collected, the rise in the number of planners may prove to be illusory, but it nonetheless suggests that despite its critics, the financial planning industry is in reasonable shape.
Money Management’s Top 100 Dealer Groups series is now 10 years’ old and while the big names such as AMP Financial Planning have always been a part of the survey, the rise and rise of groups such as Count Financial and Professional Investment Services have told their own stories.
This year’s non-bank winner of the Dealer Group of the Year is Macquarie Equities and the bank winner is Commonwealth Financial Planning — results that are important because they reflect not only the raw data on planner numbers and funds under advice but also how the organisations are viewed by both their clients and their planners.
Our congratulations to Macquarie Equities and Commonwealth Financial Planning.
Recommended for you
In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by special guest Shane Oliver, chief economist at AMP, to break down what’s happening with the Trump trade and the broader global economy, and what it means for Australia.
In this episode, hosts Maja Garaca Djurdjevic and Keith Ford take a look at what’s making news in the investment world, from President-elect Donald Trump’s cabinet nominations to Cbus fronting up to a Senate inquiry.
In this new episode of The Manager Mix, host Laura Dew speaks with Claire Smith, head of private assets sales at Schroders, to discuss semi-liquid global private equity.
In this episode of Relative Return, host Laura Dew speaks with Eric Braz, MFS portfolio manager on the global small and mid-cap fund, the MFS Global New Discovery Strategy, to discuss the power of small and mid-cap investing in today’s global markets.
