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Despite some of the fears that FASEA will cause an exodus from the advice profession, particularly among accountants, many of the accountant-focused licensing providers have actually seen a significant increase in adviser numbers.
With the new standards set by the Financial Adviser Standards and Ethics Authority gradually being rolled out for financial advisers, there has been a lot of discussion in the industry around whether it will see a large number of advice professionals leave the industry, particularly accountants.
Read more at the Accountants Daily.