Adviser numbers to plummet by 30%

A new report has predicted there will be just over 13,000 advisers left by 2023, as the older practitioners who still dominate the industry retire in large numbers leaving a handful of new recruits to replace them.

by | 25 Apr, 2021

Consumers confused by meaning of ‘general’ advice, ASIC

The Adviser Ratings’ Advice Landscape report predicted that given current exit rates from the sector, and the group’s data around how many practitioners were planning to stay in the industry, just 13,154 advisers would be left in four years’ time, compared to 20,764 at the beginning of 2021.

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