Keith Ford / Independent Financial Adviser
The number of financial advisers has declined from over 28,000 at the start of 2019 to around 15,500 today, creating challenges across the industry as advisers become more stretched and consumers find it more difficult to access advice amid a heightened cost of living. With 800 Australians set to retire each day over the next decade, maintaining and increasing adviser numbers is critical.
To achieve this, it is important that advice practices are providing their staff with pathways and opportunities that further their career progression. This needs to be done at all stages of the adviser journey, from attracting people to join the industry to retaining more experienced advisers.
