How many advisers will FASEA drive out of the industry

It’s no secret the proposed education requirements from Financial Adviser Standards and Ethics Authority (FASEA) has caused headaches for some advice businesses. In this video, Dante De Gori discusses how this will affect the industry and why up to 40% of advisers may depart, according to a recent FPA survey.

Want to learn more or earn CPD hours? View Dante’s full update here.

The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice Education Pty Ltd or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.

The opinions, advice, or views expressed in this content are those of the author or the presenter alone and do not represent the opinions, advice or views of No More Practice Education Pty Ltd. Our contents are prepared by our own staff and third parties who are responsible for their own contents. Any advice in this content is general advice only without reference to your financial objectives, situation or needs. You should consider any general advice considering these matters and relevant product disclosure statements. You should also obtain your own independent advice before making financial decisions. Please also refer to our FSG available here: http://www.nmpeducation.com.au/financial-services-guide/.

Planners, your time is now

One of the industry’s biggest failures is communication, and with the Australian economy in a state of flux, planners can no longer afford to sit on the bench.