Financial advisers are churning between licensees rather than exiting but the results of the last adviser exam loom.
The race to achieve scale is becoming increasingly crowded as licensees compete to recruit advisers and advice practices.
Major research and ratings house Morningstar is urging Challenger to focus on its core by further embedding itself in wealth.
Fiducian Group remains in acquisition mode after reporting record-breaking net inflows and an 11% increase in NPAT.
Paul Barrett’s AZ-NGA has made a key investment in para-planning capability through a stake in Virtual Business Partners.