Why breaking your advice business could be the best thing for it
The solutions to practice inefficiency might be completely foreign, but the challenges of service delivery have a habit of changing, so the methods employed to...
Final tally for FY24 adviser numbers revealed
Just when the quantum of registered advisers will bottom out is anyone's guess, but the final tally for FY24 could hardly be encouraging for a government...
Super fund and limited license adviser losses prove a drag on numbers
The large advice provision models are holding up in terms of personnel, but super funds and tax advisers are repositioning their offerings as the cost to serve...
'Remember to breathe': Advice profitability up 4.4pc as industry settles
After years of regulatory turmoil and a violently shifting business landscape, the advice industry may be on the cusp of a relatively calm period. For...
More clients per adviser forecasted as Australia follows UK industry evolution
Our advisers may be a few years behind the UK industry in terms of development, but when they catch up there will be ample reward according to CoreData's...
Innovation in practice: Thematic investing and managed accounts
To provide a value proposition that stands apart, wealth management practices must be adaptive and consider the range of investment products available. Two...
The advice business that thrives will align towards its true niche
To make advice work, advisers need to home in on the centre of their business proposition, sometimes at the expense of their better intentions.
Advisers want one thing above all else from their fund managers: Report
Advisers still place a lot of emphasis on historical performance and fees when they sum up the value of a fund manager, but it's the thinking behind their...
So how much revenue does the average financial adviser pull in, anyway?
While one listed group reported $236K revenue per adviser, another said its advisers brought in $600K each. But the extraordinary delta is more a function of...
All at once, government data finally catches up to adviser shortage
Even when thousands more advisers left the industry in 2022, bringing the cohort down from 28,000 in 2018 to a total of around 17,000, there was still no...
Gravitation of advisers to the city a function of business models: Wealth Data
Whether an adviser is based in their state's capital city or not has more to do with their chosen business model than anything else, according to new research...