Legislation change prompts big decisions
It is likely that advisers who are currently operating as registered financial advisers will face the requirement to complete further study or qualifications to continue in the industry once the new version of the legislation is in place.
That has prompted some, particularly those nearer retirement, to look for opportunities to exit now.
Mike Moore, who helps advisers sell, buy and grow their businesses through his firm Mike Moore Marketing, said there had been a noticeable increase in sellers over the past 18 months.
“I cannot say that any of those were a direct result with the changes in the FAA, but there does seem to be a few new sellers every time there is a change,” he said.
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