Advice Matters | August 2024
Welcome to our August Edition of Advice Matters.
- News & Views
- Industry Trends
- Financial Advice Industry Jobs
- Industry Service Reviews
Recent Posts
ADVICE MARKET – REMUNERATION UPDATE | Q3-2024
$155k-165K Average Adviser Salary Package Supply Overall is rated GOOD Top motivator for Advisers is long term stability Top pain point for Advisers is Admin EXECUTIVE, PRACTICE MANAGEMENT & COMPLIANCE CEO / General Manager $180 – $250K Practice Manager $120 – $180k Operations (Compliance) Manager $110 – $150k Variable with size of practice, revenue, number…
Industry Insights – Advice Efficiencies with Kelly O’Brien
R2A recently sat down with Kelly O’Brien from the Entireti Licensee to discuss current trends in practice management. With a background as a Practice Manager in an IFA business, and now a Licensee Practice Manager with Entireti we asked what are her top 5 ‘must haves’ for an advice practice? Generous with her knowledge, she…
Success Story – Financial Planning Practice succession plan
The future is clear and his passion for advice has returned SUCCESS STORY FOR A FINANCIAL PLANNING PRACTICE with a built-in SUCCESSION PLAN BACK FROM THE BRINK…. Several years ago, a self employed Adviser well known to me suggested he was getting out of advice and selling his business after a twenty year career. Exhausted,…
Inflation Outstrips Financial Adviser Salaries
R2A takes a brief look at the numbers and asks what the consequences are and why inflation outstrips Financial Adviser Salaries since 2000. Comparing data from when we started recruitment in the financial planning industry, Financial Adviser salaries have slipped 20% in real terms over the past two decades. Advice Costs up, ASIC Fees up,…
AFSL – Self Licensing vs Licensee Services
In this series we look to examine and compare the benefits of AFSL Self Licensing vs Licensee Services for Financial Planning practices.