Wealth Data

Financial planning

Female advisers comprise less than a quarter of the profession

According to Wealth Data, less than a quarter of all financial advisers on the ASIC FAR are women, with the accounting and super fund business models having the highest n...

Financial planning

NextGen adviser numbers plummet

Following a loss of 23 advisers over the last two weeks, the licensee’s current adviser numbers sit at just 20 compared to more than 120 in 2019, Wealth Data reports....

Financial planning

‘Outbreak of common sense’ in experience pathway implementation

The experience pathway’s passage through Parliament has been welcomed by the industry as a way to prevent further adviser exodus....

Financial planning

Which licensees have stood out from the pack in the last two years?

Looking at changes in adviser numbers since H2 2021 in terms of appointments and resignations, research reveals just two licensee groups report a net positive change....

Financial planning

The challenge for BDMs in a new adviser landscape

In a shifting landscape that includes limited advice models and a growing number of micro-AFSLs, business development managers face new challenges in connecting with advi...

Financial planning

FAAA member numbers hit the ASIC FAR

Falling just short of previous forecasts, recent figures indicate FAAA members now comprise almost 50 per cent of the ASIC FAR, according to Wealth Data. ...

Financial planning

Micro-AFSLs v large licensees: who leads the way?

There are 300 more micro-AFSLs this year than in 2019, but the majority of advisers still work at large licensees with more than 100 advisers. ...

Financial planning

Client book no longer a barrier to advice recruitment

With the advice industry experiencing a loss of advisers, holding a solid client book is no longer a requirement as many firms may already have existing clients but lack ...

Financial planning

Experienced advisers stand firm as younger peers fold

Almost half of the advisers who have departed this year have been in the industry for less than 10 years while older advisers are pinning their hopes on the experience pa...

Financial planning

Insignia adviser losses on downward trend

The licensee has lost 92 advisers since the start of the calendar year, according to Wealth Data, including 12 in the past week....

Financial planning

AMP falls below 900 advisers

AMP has fallen to less than 900, according to Wealth Data, some 10 months after dropping below the 1,000 milestone....

Financial planning

Should super funds partner with financial planning firms?

If super funds are to provide advice, they are encouraged to form agreements with external financial planning firms to expand their footprint beyond the major CBDs, accor...

Financial planning

The sole business model to see positive growth

The financial planning-accounting business model is the only one to have seen growth in its adviser numbers since 1 July 2022, according to Wealth Data....

Financial planning

5 takeaways from a year of adviser movements

Money Management has collated five key takeaways from the Wealth Data weekly adviser movements over the last 12 months including the biggest month for departures and stat...