{"id":77281,"date":"2025-05-14T01:28:26","date_gmt":"2025-05-13T14:28:26","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=77281"},"modified":"2025-05-22T09:55:27","modified_gmt":"2025-05-21T22:55:27","slug":"deadline-looming-for-thousands-of-advisers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/05\/14\/deadline-looming-for-thousands-of-advisers\/","title":{"rendered":"Deadline Looming for Thousands of Advisers"},"content":{"rendered":"

More than four thousand registered financial advisers have just over seven months to complete their minimum educational requirements in order to maintain their ‘existing adviser’ status.<\/p>\n

This is one of the key findings contained in Adviser Ratings’ Musical Chairs Adviser Report<\/a> for Q1 2025, released this week.<\/p>\n

The report details various adviser numbers, movements and other trends across the first quarter of the year. It also highlights the looming cut-off of 31 December 2025, by which date all advisers must ensure their Financial Adviser Register records accurately reflect their qualifications or experience pathway status – and that failure to meet this deadline could result in advisers losing their \u2018existing adviser\u2019 status, carrying with it “…severe implications for their ability to practice and generate income.”<\/p>\n

The report contains a fascinating table which breaks down the qualification status of the 15,575 financial advisers registered as at the end of March 2025, and with thanks to Adviser Ratings, is reproduced below.<\/p>\n

…only 22% of currently registered advisers are definitively positioned to meet this deadline<\/p><\/blockquote>\n

According to the research and services firm, the table data, based on analysis of ASIC’s Financial Adviser Register, reveals that only 22% of currently registered advisers are definitively positioned to meet this deadline through existing qualifications or new entrant status. It notes this leaves approximately 12,000 advisers (many of whom will qualify under the Experienced Provider Pathway) who must update their records by the end of the year or risk losing their ‘existing adviser’ status:<\/p>\n

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Source: Adviser Ratings Adviser Musical Chairs Report Q1 2025<\/figcaption><\/figure>\n

The table confirms:<\/p>\n