The Australian financial advice industry is transforming. While overall adviser numbers fall, smaller and mid-sized AFSLs are growing, showing resilience post-Royal Commission and FASEA reforms. Large licensees struggle, while boutique groups and super fund-owned AFSLs thrive. Flexibility, culture, and focused fee structures are attracting advisers, signalling a shift towards a diverse, independent, and competitive advice landscape.

From 1 October 2025, LAM is upgrading your CPD and compliance resources with the launch of the 3Lines platform, complete with accredited CPD tracking, audit modules, and our full document library. You’ll also meet Regi, our new AI Compliance Assistant, plus gain IFPA membership benefits and access to the new LAM Knowledge Centre — all designed to streamline compliance and help you deliver more value to clients.

From 1 November 2025, Australia’s aged care reforms will bring higher costs, new means-testing rules, and rising accommodation rates—impacting not just the wealthy, but full and part-pensioners too. Early, strategic advice is now essential. Advisers can clarify changes, structure assets, manage cashflow, and provide peace of mind for clients and their families. Proactive planning today can prevent confusion, stress, and unnecessary costs tomorrow.

Advisers often fear losing clients, but the real risk may be those who stay disengaged. Morningstar research found just 6% of clients left their adviser, yet 94% showed signs of disengagement, clients who stay on the books but no longer grow with the practice, refer others, or fully trust advice. Small missteps like using jargon, slow follow-up, or not aligning with client values can erode trust. Minor changes can re-engage clients and rebuild strong relationships.

The government’s new tax on super balances over $3 million, effective from 1 July 2025, raises concerns for SMSF members. With no indexation and assessments starting from March 2027, strategies must be reviewed now. Consolidating funds, managing balances, and understanding transfer risks—like the “widow’s tax”—are key. SMSFs remain attractive, but members must act early to reduce the impact and maintain tax efficiency.

Question from Lisa in South Australia: "Should my financial adviser have been cashing out shares in my super portfolio this year, prior...

Infographic showing five low-cost marketing strategies for financial advisers, including newsletters, events, referrals, testimonials, and joint ventures.

What the Latest Financial Advice Reforms Mean for Advisers

Starting Feb 2025, Facebook requires financial advertisers in Australia to verify AFSL status. Stay compliant—get verified now!

Financial advisers must prioritise cybersecurity. At Lifestyle Asset Management, we enforce strict policies for data sharing, client portals

As the financial sector continues to evolve, ASIC is stepping up to meet the challenges posed by new technologies. In its recently...

As a group, we are dedicated to providing top-tier financial advice that improves the lives of our clients. We are thrilled to announce a...

1. THE NATIONAL MINIMUM WAGE INCREASE Starting 1 July 2024, the National Minimum Wage is set to rise by 5.75%. This directly impacts how...

Do you have the ability to rapidly respond to your clients needs? We are now well and truly into 2022 and anyone who has already been...

FASEA has been the culmination of a torrid journey for many advisers who have not been given the respect that a lifetime in the business...