Wealth Data

Financial planning

Will experience pathway help stem adviser exits?

The extension of the experience pathway by two extra years means another 424 advisers lacking degrees could be eligible as the industry sees double-digit departures this ...

Financial planning

Thousands of advisers still lacking approved degrees

There are still over 3,000 financial advisers on the Financial Advisers Register (FAR) who are without a degree and expect to rely on the experience pathway to continue t...

Financial planning

New FAAA members to dominate FAR

If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the...

Financial planning

Exam passes prompt adviser gains

There has been a net gain of 15 advisers joining the industry this week, including nine new entrants following their exam pass. ...

Financial planning

Which licensee has seen the most adviser growth YTD?

A Victoria-based licensee has reported the highest volume of adviser growth since the start of the year, according to Wealth Data....

Financial planning

Zero change in adviser numbers supports stabilisation trend

Wealth Data’s key adviser movements reported no net change of advisers in the week up to 16 March. ...

Financial planning

ASIC’s FAR review puts industry on the heat seat

With ASIC proactively reviewing its financial advisers register, further bans on individuals and rising conflicts of interest among small licensees could be likely, accor...

Financial planning

Which advice model attracts the most female advisers?

With recent data finding female advisers represent just 23% of total advisers, Wealth Data has revealed which advice models attract the most women. ...

Financial planning

Adviser market shows signs of stabilisation

The adviser market seemed to be stabilising for the first time in many years, with no new licensees commencing or closing in the week to 2 March. ...

Financial planning

Micro-AFSLs claim market share from largest players

Growth in micro-AFSLs has taken a hit to the largest players with Insignia and AMP both seeing a drop in their market share as a result....

Financial planning

‘Dramatic improvement’ seen in new entrant hires

Over 230 new entrants have appeared on the Financial Adviser Register since 1 July 2022 with their numbers cited as a key strategy for licensee growth....

Financial planning

Zurich AFSL helps boost adviser numbers

A boost of 14 advisers joining the new Zurich Assure AFSL has contributed to positive net growth in adviser numbers....

Financial planning

Backtrack as adviser numbers return to losses

Wealth Data has revealed a “disappointing” double-digit loss in advisers to start February after a positive January....

Financial planning

Breaking down new entrants data

There were over 350 new entrants who came on board during 2022, according to Wealth Data, as the industry seeks to grow to counter the adviser exodus. ...