According to Wealth Data research, 99% of new licensees established in 2023 had fewer than 10 advisers.
That’s a pretty remarkable statistic – and a clear indication that the self-licensing trend is here to stay. Given the costs and potential risks involved, though, you have to wonder: why are so many smaller advice businesses getting their own AFSLs?
If you ask Wealth Data founder Colin Williams, the answer is quite simple.
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Updated 5 months ago
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