{"id":67778,"date":"2023-09-26T07:13:13","date_gmt":"2023-09-25T21:13:13","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=67778"},"modified":"2024-10-30T08:39:55","modified_gmt":"2024-10-29T22:39:55","slug":"opportunity-to-bring-more-advisers-back-into-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/09\/26\/opportunity-to-bring-more-advisers-back-into-advice\/","title":{"rendered":"Opportunity to Bring More Advisers Back into Advice?"},"content":{"rendered":"

Latest analysis shows there are now nearly 3,500 \u2018surplus\u2019 advisers – those who are eligible to practice versus the number of current advisers on ASIC’s FAR.<\/p>\n

In looking at the results of the latest financial adviser exam, Wealth Data\u2019s<\/a> Colin Williams<\/strong> highlights the gap between the number of candidates that have passed the exam versus the number of \u2018current\u2019 advisers at the time of the exam.<\/p>\n

\"\"<\/a>
Colin Williams …aware than many advisers passed the exam and still exited<\/figcaption><\/figure>\n

Williams notes that in August 2022, there was a \u2018surplus\u2019 of 2,229 of people \/ advisers eligible to practice versus current advisers.<\/p>\n

\u201cThat surplus has now grown to 3,476 which is 22% of the current advisers for August 2023,\u201d he states.<\/p>\n

Williams adds Wealth Data is aware that many advisers passed the exam and still exited shortly afterwards.<\/p>\n

\u201cFor example, this calendar year alone, 713 advisers have ceased on the ASIC FAR, all would have passed the exam. Many are being replaced by advisers coming back into advice.\u201d<\/p>\n

However that the firm can see \u201c\u2026there is a big opportunity to bring many more advisers back into advice.\u201d<\/p>\n

\"\"<\/a>
Courtesy of Wealth Data.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Latest analysis shows there are now nearly 3,500 \u2018surplus\u2019 advisers – those who are eligible to practice versus the number of current advisers on ASIC’s FAR. In looking at the results of the latest financial adviser exam, Wealth Data\u2019s Colin Williams highlights the gap between the number of candidates that have passed the exam versus […]<\/p>\n","protected":false},"author":24,"featured_media":67786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-67778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/67778","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=67778"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/67778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/67786"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=67778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=67778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=67778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}