Advice profession slips below 15.6k adviser mark; Dixon class action settlement delayed by Federal Court

With a weekly loss of 14 advisers led by declines at Count Financial, the financial advice industry has fallen below the 15,600 line.

The Federal Court of Australia has pushed back a decision on the class action settlement for two weeks.

The fund manager has seen consistent growth in funds under management for the quarter in what it describes as a ‘solid start’ to 2024.

Advisers need to expand their understanding of responsible investing in response to Australia’s increasing demand, according to an RI specialist.

Although the fund manager continued to recover in March, the pace was slower compared to previous months.

The firm’s wealth management arm is welcoming an experienced corporate leader to its team.

Australian financial advice firms are increasingly looking towards outsourcing as a tool to optimise their business, two industry professionals share, freeing advisers to focus more on client-facing duties.