Halve: Micro-AFSLs Progress Amid Large Licensees Halving
Thursday, 17 October 2024, 02:00
Halve: The Rise of Micro-AFSLs
With the recent analysis from Wealth Data, we see that the number of AFSLs in the holistic advice model with one to two advisers has risen by 54 percent. This striking increase indicates a shift where more firms are opting for the Micro-AFSL model, leading to greater diversity in financial advice.
The Impacts of Halving Large Licensees
- The trend highlights the challenges faced by large licensees.
- The halving signifies a strategic move by financial professionals.
- Micro-AFSLs are becoming a more viable option for new entrants.
As the dynamics within the financial sector change, understanding the trends surrounding halving large licensees and the emergence of Micro-AFSLs is crucial.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.