Ceasing advice licensees outweigh new players; How advice salaries will look in FY24–25

Just two financial advice licensees have commenced operations and seven ceased over the past two weeks, while total adviser numbers slip below 15,600 yet again.

The latest edition of the Hays annual salary report has broken down the expected average salary for a variety of senior and junior financial planning roles for the upcoming FY24–25.

Compliment your defensive portfolio with Floating Rate Notes.

ASIC has told the Senate economics committee that it expects the requirement for superannuation trustees to check Statements of Advice won’t be “highly prescriptive” and is only one possible form of evidence.

Financial services firm Fiducian has added two new franchisees to its national advice network, one based in Victoria and the other in Northern Territory.

Investment boutique Prime Value Asset Management has appointed a head of distribution who joins the firm after almost nine years at Magellan Financial Group.

The investment manager said it has appointed an industry “visionary” to join the business as its new head of global ETFs and funds.

Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but overall trust levels are on the rise.