hfs consulting

Financial planning

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

AMP FP no longer tops the list

AMP Financial Planning has lost its status as the single biggest financial planning group in Australia by adviser number, according to HFS Consulting’s data from 31 Decem...

Financial planning

Almost 2,750 adviser roles gone in 2020

Over 2,170 roles were shed during the first six months of the year, and AMP Financial Planning saw the largest departure of 315 roles, according to data. ...

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

Greater gender diversity needed to reflect broader client base

The industry is still a “boy’s club” and it will come at the expense of advice that better suits the needs of female clients....

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,...

Financial planning

Adviser loss drastically outpacing PY entrants

The amount of new professional year entrants is less than a tenth of the total amount of advisers that have exited the industry this year. ...

Financial planning

Women still largely underrepresented among planners

Almost 80% of financial planners, who are registered under the Australian Securities and Investments Commission’s Financial Adviser Register, are men. ...

Financial planning

Is AMP about to lose its mantle as largest adviser group?

With AMP Financial Planning’s ongoing loss of advisers, its lead over the second largest financial planning group by adviser numbers has dropped to 70 from over 200 advis...

Financial planning

More than 2,000 advisers depart industry in 2020

The latest data from the Australian Securities and Investments Commissions’ Financial Adviser Register has shown that the total net loss of adviser roles of 2,433 for the...

Financial planning

Instos still lead the way in adviser departures

Large institutions have posted the highest adviser losses year to date, with five of the biggest licensees accounting for net losses of more than 800 advisers. ...

Financial planning

AMP confirms revamp as advisers numbers continue to drop

The latest ASIC Financial Adviser Register has highlighted further losses of advisers, with current adviser roles dropping to below 21,500 while the numbers of planners w...

Financial planning

Adviser exits only modestly offset by provisional adviser entrants

The exodus continues among financial advisers offset in a small way by a modest but growing number of provisional advisers. ...

Financial planning

AMP FP sees adviser numbers drop below 1,000

The biggest financial planning group in Australia, AMP Financial Planning, has lost 157 advisers so far this year bringing its total adviser complement to less than 1,000...

Financial planning

Outflow continues but adviser numbers higher than last year

Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. ...