Accountants have swelled adviser numbers
Contrary to perceptions, the licensing of accountants has swelled the number of new advisers on the Australian Securities and Investments Commission (ASIC) Financial Adviser Register (FAR). Answering questions on notice to a Parliamentary Joint Committee, ASIC has pointed to a 51 per cent increase in the number of new advisers on the register between 2015/16 and 2016/17.