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COVID-19 ‘exacerbating’ exodus of advisers from industry

COVID-19 is speeding up the rate at which advisers are leaving the financial planning industry, which may present accountants with opportunities, says a dealer group.

COVID-19 ‘exacerbating’ exodus of advisers from industry
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COVID-19 ‘exacerbating’ exodus of advisers from industry

Following the implementation of the FASEA standards and other regulatory changes in the financial planning sector, Eastern accountants services director David Moss said it is likely that around 20 to 30 per cent of financial advisers will be exiting the financial advice industry over the next five years.

Read more at SMSF Adviser.

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