In the last week of the financial year a further 126 financial advisers have exited the Financial Adviser Register (FAR) with the expectation being that there are more exits to come as data reaches the Australian Securities and Investments Commission (ASIC).
And according to analysis conducted by WealthData principal, Colin…
Investment in financial planning is at an all-time low. Most large licensees who traditionally invested significant amounts of capital into the profession, compliance and technology have left, according to the Financial Planning Association (FPA).
Additionally, the FPA is asserting that licensees and practitioners who remain struggle to afford investments other…
Mercer Financial Planning has been hit with fee for no services charges initiated by ASIC.
Amid the looming consolidation of financial planning licensees it is being claimed that 500 advisers represents critical mass for mid-tier players.
Euroz Hartleys has announced two new appointments, including of Amanda Boyce as new head of advice.