The adviser movements pipeline shows the movement of financial advisers/planners across Australian Financial Services Licenses (AFSLs) and financial advice practices.
The adviser movements pipeline tracks the latest publicly available data from the ASIC Financial Advisers Register to provide an instant and long-term view over movements in the industry.
"With adviser numbers fluctuating by around 7,000, over 25%, in the past three years, the adviser movements pipeline will enable us to provide even more up-to-date financial advice research," said Alex Dunnin, executive director of research with Rainmaker Information.
"With regulation impacting the advice landscape significantly, it's important for us to keep on top of the trajectory of the industry and ultimately assess the impact it will have on Australians seeking financial advice."
The movements pipeline breaks down the financial advice industry by monthly movements of advisers across AFSLs, new advisers into the market as well as those leaving the industry.
In addition to this, the pipeline provides breakdowns of adviser movements across time periods, locations, including states, cities and regions, as well as across AFSLs, to identify where trends are in terms of advisers entering or exiting the market.
This year has seen further shifts in the financial advice industry, including The SMSF Adviser network overtaking AMP Financial Planning as Australia's largest AFSL by number of advisers.
"The adviser movements pipeline is a significant edition for clients of the RainmakerLive terminal," said Matthew Martusewicz, director of client success at Rainmaker Information.
"The additional access to live movements and information will complement the existing Financial Adviser Report and industry information that RainmakerLive Wholesale subscribers have access to."
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Superannuation fees have fallen 2% over the last financial year to reach to 0.93% per annum, the lowest total expense ratio on record.
Australia’s financial adviser numbers have stabilised at 16,000 and is projected to climb, but this may not be enough to avert a supply shortfall.
