The introduction of financial advice from superannuation funds and banks could see adviser numbers grow to as much as 25,000 in the future.

Wealth Data’s Colin Williams believes the idea of four financial advice firms failing per year, as put forward in CSLR estimates, is too low an estimate.

As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.

The Federal Court has issued its verdict in ASIC’s first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.

Wealth Data has revealed which financial advice licensee has lost the greatest number of advisers this financial year-to-date, with the firm declining by 59 advisers over the period.