The 50 most influential financial advisers in Australia have been named by financial industry trade publication, Financial Standard, in its annual FS Power50 guide.
The list, comprising of 31 men and 19 women, are a diverse group of professionals nominated by readers of the Financial Standard for their unique efforts to create a blueprint for financial advice in the future.
"The Power50 exemplify the best aspects of the advice industry and how it is set to change. Some specialise in responsible investment advice, some provide financial advice to specific professions, and some focus on addressing market gaps, be it financial advice for women or the LGBTQI community" said Jamie Williamson, editor of Financial Standard.
The purpose of the guide is to raise awareness, in the eyes of the Australian public and the advice industry itself, for the advisers who are playing a key role in shaping the future of financial advice.
Research conducted by ASIC in August found 37% of respondents don't believe financial advisers have their best interest at heart. A further 19% stated they did not trust financial advisers at all.1
"Highlighting the 50 is more important than ever in an environment where trust in financial advice is notably low among the Australian public" said Williamson.
"The FS Power50 badge is synonymous with the best the industry has to offer."
The majority of the list (43 of the 50) have worked in the industry for 10 years or more and 70% have a bachelor's degree or above as their highest level of education. As a result of the new education requirements for financial advisers, set out by FASEA in 2018, 13 of the FS Power50 reported that they are currently undergoing further education.
Nominations for the list are sourced from the Financial Standard audience, as well as the Financial Standard
