Colin Williams

Financial planning

Total number of advisers drop below 20,000

This week saw a big drop in adviser numbers to 19,953 as licensees with limited advice services continued to cut advisers roles and advisers opting not to proceed with th...

Financial planning

MLC Group tops adviser losses table

This has been another week dominated by large licensees leading the rankings in terms of declining adviser roles, with MLC Group having reported a loss of 17 ahead of AMP...

Financial planning

10 more AFSLs close, advisers exit

Another 10 licensees chose to shut down, a move that represented a loss of a total of 17 adviser roles during a single week, according to HFS Consulting. ...

Financial planning

More licensees close as adviser numbers continue to drop

Another eight licensees chose to close this week, which translated into a loss of 15 adviser roles, while the number of actual advisers continued to drop to 22,201. ...

Financial planning

Why advisers aren't reporting FASEA exam results

Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...

Financial planning

Adviser numbers still in net outflow

Gains in adviser numbers, counting year-to-date, are still lower than the losses at the licensee level, according to analysis from HFS Consulting....

Financial planning

Advisers exiting, licensees closing down

More than 200 adviser roles have been lost year to date compared to 761 lost roles in the first quarter of 2020, according to HFS Consulting’s analysis. ...

Financial planning

AMP FP falls through 800 adviser mark

AMP Financial Planning has seen its adviser numbers drop below 800 this week, according to HFS Consulting....

Financial planning

Another 30 advisers leave the industry this week

Although a quick look at the ASIC’s Financial Adviser Register shows a departure of another 33 advisers from the industry this week, it is equally important to understand...

Financial planning

Advisers leak from IOOF/MLC licenses

The combined loss of advisers for IOOF/MLC has reached 252 advisers since IOOF announced the purchase of MLC in August last year and is now nearing AMP Group which has lo...

Financial planning

Is it too expensive to maintain planners on register?

With this week’s adviser movement dominated by ANZ Banking Group, which took 20 ‘advisers’ off the Australian Securities and Investments Commission’s Financial Adviser Re...

Financial planning

Another 30 advisers head for the exit

There has been a net loss of close to 30 adviser roles, despite the lack of any major market announcements this week. ...

Financial planning

Seven licensees add new adviser roles

Despite a slow start to the year, at least seven licensees reported net gains of two new adviser roles this week on top of 18 licensees who managed to add one new adviser...

Financial planning

Adviser numbers drop below 21,000 in November

The number of actual advisers has dropped through the 21,000 barrier this week, with the loss of a further 31 advisers, according to HFS Consulting’s data....

Financial planning

Over 30 advisers leave the industry

The exodus of financial planners continues as this week saw a further loss of 35 adviser roles, with AMP Financial Planning seeing again the highest number of departures,...