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24 May 2018 (AFR) – Mass financial adviser exodus puts $900 billion in play

(24 May 2018, AFR, p17, by Alice Uribe)

The wealth sector

The wealth sector

‘A mass exodus of financial planners over the next five years will put $900 billion of client wealth in play as the reality of tougher educational standards and the fallout from damning royal commission revelations set in. The stunning shift in the industry is a key finding of a report by Adviser Ratings, which revealed 57 per cent of advisers, numbering 14,000, will seek to exit the sector on the back of what the 100-page reports calls “significant disruption”. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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