Thankyou for taking the time to respond. Nice to hear from someone with obvious industry experience which I am the first to admit I do not have.
What I do find difficult to comprehend is by your figures each adviser only has approx 40 clients on average.... this means they see an average of less than 1 client a week. Is that correct ?
Of the quoted 23,000 planners in Australia x 40 clients each is only 920,000 clients getting advice.
If thats a realistic amount then of that is less than 4% of Australians getting financial advice based on 25,000,000.
A big market for potential expansion.
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