Australia's advisers struggle to provide affordable advice

More advisers in Australia are struggling to provide affordable financial advice, with 43% of surveyed advisers citing it as a challenge, up 10 percentage points from last year, a report shows. According to Investment Trends' 2019 Planner Technology Report advisers also recognise the need to reduce the cost of advice, with 39% said it was a key business challenge in the post-Royal Commission world. Investment Trends research director Recep Peker said advisers were aiming to expand their pool of clients as a means of dealing with the structural challenges facing the sector. "For yea...