Australia loses 700 advisers in just one quarter

Pedro Gonçalves
clock • 2 min read

Australia has experienced an overall decline of almost 700 advisers around the country in Q3 2019, a contraction of almost 3%, according to a report. Having analysed data from the Australian Securities and Investments Commission and industry participants, research house Adviser Ratings found the industry lost 700 practitioners across the quarter, leaving a total size of 24,772 registered financial advisers. The report also showed that a significant number of advisers who ceased activities in Q2 re-entered the industry after switching licensees. While there were 949 ceased advisers in ...

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