Australian CFP numbers decline – Financial | Australian Markets
The quantity of Certified Financial Planners (CFPs) in Australia has declined to 4,352, based on the latest annual report of the Financial Planning Standards Board (FPSB), down from the 4,437 reported a yr in the past.
The latest quantity, contained within the FPSB’s 2024 annual report, compares to the 4,437 quantity as at 30 June, final yr, contained within the Financial Advice Association of Australia’s final annual report.
This then compares to the 4,966 Australian CFPs the FAAA reported for 2021 and seems to mirror the fact of substantial decline in general financial adviser numbers over the previous 5 years.
Relative to the decline in general financial adviser numbers, the quantity of CFPs has held up moderately effectively.
The decline in numbers mirrored within the FPSB’s latest report comes regardless of the FAAA reporting final yr that it had acquired 153 new purposes by advisers in search of the designation.
The CFP designation has historically represented a stable income generator for the FAAA.
The chief government of the FPSB and former Financial Planning Association of Australia chief government, Dante DeGori pointed to a 3.1% increase within the quantity of CFPs globally to 230,648.
While numbers decline in Australia, the organisation pointed to growth within the US, Brazil, Japan, India and South Africa.
Stay up to date with the latest news within the Australian markets! Our web site is your go-to source for chopping-edge financial news, market trends, financial insights, and updates on native trade. We present each day updates to make sure you have entry to the freshest data on Australian stock actions, commodity costs, currency fluctuations, and key financial developments.
Explore how these trends are shaping the long run of Australia’s economic system! Visit us frequently for probably the most participating and informative market content material by clicking right here. Our rigorously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory modifications, and pivotal moments within the Australian financial panorama.
