Sharp drop in Australian adviser numbers: report

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Sharp drop in Australian adviser numbers: report

Australia saw an 'exodus' of financial advisers from the profession in 2019, with adviser numbers falling to four-year lows, according to data published yesterday. The report, published by Adviser Ratings, shows 4,378 left the profession in 2019, with 1,133 leaving in in 4Q2019 alone. The total number of active advisers at the end of 2019 fell to 23,639, which represents the lowest figure since 4Q2015. Among the key findings, the report found that "institutionally owned" advisers were t...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.