The energetic team at Viridian Advisory has collectively walked 100 million steps in July, raising $38,000 to support pancreatic cancer research at the.
Instos abandoned in droves as adviser numbers slip below 20k
Instos abandoned in droves as adviser numbers slip below 20k
The great adviser migration away from institutional dealer groups and towards independent licensees has continued in June, with total adviser numbers hovering close to 19,500 as the 2021 financial year drew to a close.
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The latest Adviser Ratings data showed that 112 advisers left the industry in the week to 24 June, with total numbers on the adviser register now at 19,651.
Comparing adviser numbers at the industry’s peak in December 2018, the biggest losers continued to be institutional licensees, with AMP Financial Planning now down 50 per cent from 1,414 advisers to 712 advisers.
(Clockwise, from top left) Lonsec s Veronica Klaus, RI Advice CEO Peter Ornsby, Priority Advisory s David Gibson, Australian Unity s Yvonne Chu, Allianz Retire + s Matt Rady and Viridian Select GM Todd Clifford
Fragmented industries and a thinning financial advisory cohort will leave more Australians struggling during their retirement years unless government, the superannuation industry and advisers can join forces.
Advice business owners and executives including client facing advisers, product and portfolio researchers as well as licensee heads and retirement product experts came together in February for a roundtable hosted by
Professional Planner in partnership with Allianz Retire + to discuss how best to approach the current retirement gaps and evolve the industry from predominantly focusing on the accumulation phase to homing in on drawdown strategies and better retirement outcomes.