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

Financial Planning Ballarat
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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