Adviser numbers drop to four-year lows
The number of advisers in the Australian market dropped to four-year lows in 2019, with a third of industry practitioners either switching licensees or handing in their authorisations over the course of the year, according to Adviser Ratings.
The ratings group’s Adviser Musical Chairs Report for Q4 2019 revealed that 1133 advisers left the industry in Q4, while 4378 left over the course of 2019, leaving 23,639 advisers remaining in the market, the lowest number since December 2015.
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