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Could the adviser exodus be turning around?
Could the adviser exodus be turning around?
There were positive signs for the advice industry as February came to a close, with the number of advisers joining the industry matching that of adviser exits for the first time this year, according to data from Adviser Ratings.
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Sharing the latest adviser movement statistics, Adviser Ratings founder Angus Wood noted that just two advisers had ceased their authorisations in the week to 25 February, while two had joined the industry. A further 18 had switched licensees.
Mr Woods said the data represented “a very good week all up” for the sector, although he did not expect adviser exits to let up, with 149 practitioners having left since the start of 2021.