Australia loses 2,825 advisers in only six months

Pedro Gonçalves
clock • 1 min read

Australia has seen 2,825 advisers cease operation in the first six months of the year, with only 19 new entrants a report shows. The Adviser Ratings Musical Chairs report found that 1,750 advisers left the industry in the June quarter, eclipsing the 1066 that abandoned their authorisation in the first quarter. This leaves just 25,470 advisers across Australia. "We would expect this trend to continue, particularly in the short term prior to larger numbers of new entrants, but also in the medium term," said the report. The rate of ceased advisers peaked in June, with 1001 pulling up ...

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