Financial Planning and Investment Advice in Australia - Industry Research Report

Trust fall: Ongoing costs to meet new regulations and poor consumer trust have reduced revenue

Financial advisers are reeling as the repercussions of the Financial Services Royal Commission (FSRC), which published its final report in February 2019, prompts a string of regulatory changes. The findings revealed sub-standard practices in the financial services sector, and is prompting the Federal Government to implement regulatory guardrails that protect consumer interests. ASIC is also pursuing legal proceedings against some advisory firms.

Establishments in the industry provide financial planning and advice to clients.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.