$5.5bn
$X.Xbn
20,750
17,605
$X.Xbn
Financial advisors are reeling as the repercussions of the Financial Services Royal Commission (FSRC) prompted a string of regulatory changes. The findings revealed sub-standard practices in the financial services sector and have prompted the Federal Government to implement regulatory guardrails that protect consumer interests. New professional standards implemented in 2019 led to a substantial decrease in the number of financial advisors, creating a labour shortage in the Financial Planning and Investment Advice industry.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $5.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
Insignia Financial | 568.1 | |
AMP | 538.1 | |
NAB | 98.8 |
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Industry revenue is measured across several distinct product and services lines, including Superannuation and retirement advice, Loan and investment advice and SMSF advice. Superannuation and retirement advice is the largest segment of the Financial Planning and Investment Advice in Australia.
An ageing population drives demand for superannuation and retirement advice
Establishments in the industry provide financial planning and advice to clients.
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ANZSIC 6419 - Financial Planning and Investment Advice in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Over-regulation has led to a significant drop off in financial advisors. The subsequent surge in advisory fees amid cost-of-living pressures has widened the advice gap, parti...
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An ageing population is fuelling demand for superannuation and retirement advice. Accordingly, demand from this segment is set to increase further due to the upcoming financi...
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New South Wales is home to many financial advisors. As Australia’s financial capital, Sydney is a natural hotspot for financial advisors and provides easy access to high-inco...
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Robo-advisors and ‘finfluencers’ are emerging as popular alternatives to traditional financial advisors in Australia. Robo-advisors offer algorithmic advice at lower costs, w...
Learn about the performance of the top companies in the industry.
In response to the Australian government’s financial advice reforms, Insignia Financial is restructuring its services. The strategic move will sharpen its focus on superannua...
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Financial advisors need to meet heavy licensing requirements. Firms that provide advisory services – and their authorised conduits – need to obtain an Australian Financial Se...
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Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Financial Planning and Investment Advice industry in Australia is $5.5bn in 2024.
There are 17,605 businesses in the Financial Planning and Investment Advice industry in Australia, which has declined at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Financial Planning and Investment Advice industry in Australia has been declining at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Financial Planning and Investment Advice industry in Australia is expected to grow.
The biggest companies operating in the Financial Planning and Investment Advice market in Australia are Insignia Financial, AMP and NAB
Superannuation and retirement advice and Loan and investment advice are part of the Financial Planning and Investment Advice industry.
The company holding the most market share in Australia is Insignia Financial.
The level of competition is moderate and steady in the Financial Planning and Investment Advice industry in Australia.