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
Join us for a special episode of Relative Return Unplugged as hosts Maja Garaca Djurdjevic and Keith Ford are joined by shadow financial services minister Luke Howarth to discuss the Coalition’s goals for financial advice.
In this special episode of Relative Return Unplugged, we are sharing a discussion between Momentum Media’s Steve Kuper, Major General (Ret’d) Marcus Thompson and AMP chief economist Shane Oliver on the latest economic data and what it means for Australia’s economy and national security.
In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford break down some of the legislation that passed during the government’s last-minute guillotine motion, including the measures to restructure the Reserve Bank into a two-board system.
In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford are joined by Money Management editor Laura Dew to dissect some of the submissions that industry stakeholders have made to the Senate’s Dixon Advisory inquiry.
