Why is it hard to find an adviser?

Some people may have noticed that it’s either hard to find a financial adviser taking on new clients or your current adviser is leaving the industry.

The industry has actually gone through some dramatic changes and the result is a lot of advisers leaving the industry.

The below chart shows this trend since 2017

Source: AdviserRatings

This has made it harder for people, especially younger people, to find advice due to simple supply and demand issues.

We are starting to see new entrants into the industry, so the numbers should start to grow again in the coming years, and with some pending changes potentially coming it should hopefully make advice more accessible to all Australians.

We are still open to meeting new clients so feel free to reach out at any time.

For any Financial Services assistance, please speak to a Financial Planner now at BW Private Wealth Financial Planning | Ballarat | Ararat | Surrounds

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We have found BW Private Wealth to be very professional, courteous and accommodating to our personal needs. They have made sure our adviser Arlan has received our messages in a timely manner when he has been busy and followed up with us when necessary.

I’ve been a client of BW Wealth for close to 20 years now and during this time and a few changes of advisers I have received nothing but good advice and experience for all of those years. I would absolutely recommend BW Wealth to anyone looking for a personal and friendly approach along with sage advice to handle any financial needs.

The team at BW are fantastic and very helpful. I would recommend them to any of my friends and family.

Arlan was very easy to talk to and listened to my financial goals. He spoke without industry jargon which I found very helpful.

Tony Dann & Arlan Davine
Business & Wealth Financial Planning Pty Ltd, ABN 50 115 249 646, (Trading as BW Private Wealth) is an authorised representative of Consultum Financial Advisers Pty Ltd ABN 65 006 373 995 an Australian Financial Services Licensee No. 230323 with its Registered Office at Level 6, 161 Collins Street, Melbourne VIC 3000.