{"id":65744,"date":"2023-05-15T12:37:54","date_gmt":"2023-05-15T01:37:54","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=65744"},"modified":"2025-03-14T12:02:23","modified_gmt":"2025-03-14T01:02:23","slug":"report-highlights-average-number-of-clients-per-adviser","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/05\/15\/report-highlights-average-number-of-clients-per-adviser\/","title":{"rendered":"Report Highlights Average Number of Clients Per Adviser"},"content":{"rendered":"
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Most interest this week was directed to our report on a finding in Adviser Rating’s latest Landscape Report, which revealed a change in the average number of clients served by advisers…<\/h3>\n<\/div>\n<\/div>\n

Several years of industry departures have resulted in the\u00a0 profession\u2019s remaining advisers taking on a higher volume of clients, according to Adviser Ratings<\/a> latest Landscape Report<\/a>.<\/p>\n

The report says this has played out again in 2022 \u201c\u2026with the average adviser now serving 91 clients \u2013 eight more than they saw in 2020.\u201d<\/p>\n

A table within the report highlights the average number of clients per adviser by State over the past five years.<\/p>\n

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Courtesy of Adviser Ratings.<\/figcaption><\/figure>\n

The report adds that advisers are still taking on more ‘one-off’ clients than they were a couple of years ago, adding “…sometimes, these clients are seeking piecemeal advice, while other times they\u2019re testing the waters.”<\/p>\n

It states that the higher client load means advisers have to become more efficient in their operations.<\/p>\n

“Often, this means turning to technology or outsourcing to reduce their administration burden and allow them to spend more time with clients face-to-face.”<\/p>\n

…for many advisers the reality of a higher client load is simply more hours in the office…<\/p><\/blockquote>\n

However it says that for many advisers “… the reality of a higher client load is simply more hours in the office. Of course, this comes at the cost of time with family and leisure.”<\/p>\n

Eighteen months ago, the firm reported on a study from Dr Adam Fraser, Deakin University and AIA, which showed three-quarters of advisers were facing burnout. Since that study was published, the workforce has lost an additional 5,000 advisers.<\/p>\n

Adviser Ratings says this means those who remain in the industry \u201c\u2026are fielding constant inquiries and referrals, but usually having to say no to new business.\u201d<\/p>\n

Click here<\/a> to see the full Adviser Ratings Report.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most interest this week was directed to our report on a finding in Adviser Rating’s latest Landscape Report, which revealed a change in the average number of clients served by advisers… Several years of industry departures have resulted in the\u00a0 profession\u2019s remaining advisers taking on a higher volume of clients, according to Adviser Ratings latest […]<\/p>\n","protected":false},"author":24,"featured_media":65749,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4474,5,8291],"tags":[],"class_list":{"0":"post-65744","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-practice-management","8":"category-services","9":"category-story-of-the-week"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=65744"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/65749"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=65744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=65744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=65744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}