Looks like the adviser business is starting to turn a profit again, probably due to a lot of the dead wood being cut away, and cost savings being implemented.
"There were 1842 AFSLs at the end of FY23, which remained stable from 1845 year on year.
Just 429 advisers joined the advice profession during the year, registering for the first time on ASIC's database.Despite the bleak figures, a recent survey of 122 advice practices found that adviser profitability is rising
On average, revenue jumped from $1.1 million in 2021 to $1.6 million this year thanks to operating a more efficient back office"
FY23 farewells 700 advisers | Financial Standard
Looks like the adviser business is starting to turn a profit...
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Last
$1.10 |
Change
0.030(2.82%) |
Mkt cap ! $2.948B | |||
| Open | High | Low | Value | Volume |
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| 2 | 58307 | $1.09 |
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| Price($) | Vol. | No. |
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| $1.10 | 40203 | 4 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
0.030 ( 1.90 %) |
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 06/05/2024 ? | |||||
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