Overview

Loosening the purse strings: Australia's ageing population is supporting industry demand

IBISWorld’s Financial Planning and Investment Advice market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The structure of the industry is expected to continue to change due to regulatory reforms
  • The popularity of SMSFs has grown rapidly, which has supported industry growth
  • Industry profitability is expected to fall as firms offer better prices to attract clients

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    Industry Analysis & Industry Trends

    The Financial Planning and Investment Advice industry has undergone significant changes over the past five years. The Future of Financial Advice (FOFA) legislation was introduced in July 2013 in response to a series of scandals involving significant wealth loss for many investors, brought about by poor financial advice from industry professionals. The FOFA legislation aims to address issues relating to the industry's professional integrity, transparency, and prioritisation of the client's best interests. Although some industry operators initially opposed the regulations, the government eventually made the changes compulsory. Some larger groups implemented the regulations early and shifted to a fee-for-service remuneration model...

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    Industry Report - Industry Locations Chapter

    Financial planning and investment advice establishments are generally located near major business and financial hubs, areas of high population density and areas with a high level of high-income earners. The head offices of investment advice firms are those of major banks, insurance offices and investment managers located in the financial centres of Sydney and Melbourne. These offices also provide support for dealer groups located nationwide.

    New South Wales is estimated to have the highest number of financial advisers in Australia. This is because the head offices of many advisory firms are located in Sydney, Australia’s financial hub, and the population distribution and proportion of high income earners attributed to this state. As ..

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    Additional Insights for the Financial Planning and Investment Advice Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Financial Planning and Investment Advice Industry are

  • Ability to effectively communicate and negotiate
  • Must have licence
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as High income earners and All Ordinaries index in the Financial Planning and Investment Advice industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Financial Planning and Investment Advice Industry?

    Establishments in the industry provide financial planning and advice to clients.

    Industry Products
    Superannuation and retirement advice
    Loan and investment advice
    Self-managed super fund advice
    Tax advice
    Other services
    Industry Activities
    Financial planning
    Investment advising
    Financial asset investment consulting

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • High income earners
  • All Ordinaries index
  • Real household disposable income
  • Population aged 50 and older

  • Current Performance
  • Funds under advice
  • FOFA reforms
  • Industry scandals
  • Chart: Revenue Growth

  • Industry Outlook
  • Opportunities and threats
  • Higher industry standards
  • Table: Financial Planning and Investment Advice Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Financial Planning and Investment Advice Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Residential Property Operators
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Advertising Agencies
  • Technical and Vocational Education and Training

  • Products & Services
  • Superannuation and retirement advice
  • Loan and investment advice
  • Self-managed super fund advice
  • Other services
  • Tax advice
  • Chart: Financial Planning and Investment Advice Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Financial Planning and Investment Advice Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Financial Planning and Investment Advice

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Financial Planning and Investment Advice Industry

  • Industry Globalization
    Major Companies
    AMP LimitedWestpac Banking CorporationCommonwealth Bank of AustraliaAustralia and New Zealand Banking Group Limited
  • Table: AMP Limited - financial performance
  • Table: Westpac Banking Corporation - financial performance
  • Table: Commonwealth Bank of Australia - financial performance
  • Table: Australia and New Zealand Banking Group Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Financial Planning and Investment Advice Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Financial Planning and Investment Advice Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Fintec
  • A class of companies that use technology to make financial services more efficient.
  • Funds Under Advice
  • The value of funds placed for investment purposes through a financial adviser or planner.
  • Investment Platform
  • Investment platforms allow investors to hold and manage a portfolio of investments.
  • Self-Managed Superannuation Fund (Smsf)
  • ATO-regulated superannuation entities that have less than five members, all of whom are trustees or directors of the corporate trustee.
  • Trailing Commissions
  • Commissions paid to advisers and planners on an ongoing basis while the business they have generated remains in force.
  • Wrap Account
  • An account which consolidates various investments under one administrative umbrella.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Financial Planning and Investment Advice:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Financial Planning and Investment Advice market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Financial Planning and Investment Advice, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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