The Financial Planning and Investment Advice industry is on the cusp of fundamental change. FOFA - Future of Financial Advice legislation - has plagued the industry with uncertainty. Following a swathe of advisory firm disasters, the government has announced an overhaul of the industry, addressing issues of conflicts of interest, transparency and duty to clients. The industry initially fought the impending new regulation, but has now largely accepted the changes, and many firms are making changes to their business models. A number of the larger dealer groups are already moving towards a fee-for-service based remuneration model, while distancing themselves from commissions.
Establishments in this industry provide financial planning and advice to clients.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.