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Financial Planning and Investment Advice in Australia Industry Data and Analysis
Merger and acquisition activities have ramped up as leading financial advisory networks and practices undergo significant structural changes. Financial advisory networks like WT Financial Group and Centrepoint Alliance are snapping up smaller advisory practices to expand their market reach and achieve economies of scale, while diversified financial institutions like AMP and Insignia are downsizing their advice segments. Financial advisors are also reeling as the Financial Services Royal Commission’s (FSRC) repercussions 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 caused financial advisor numbers to plunge from over 26,000 in 2019 to less than 16,000 in January 2025, creating a labour shortage in the Financial Planning and Investment Advice industry.
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What's included in this industry analysis
IBISWorld's research coverage on the Financial Planning and Investment Advice industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released March 2025.
About this industry
What's this industry report about?
The Financial Planning and Investment Advice industry in Australia operates under the ANZSIC industry code K6419b. Establishments in the industry provide financial planning and advice to clients. Related terms covered in the Financial Planning and Investment Advice industry in Australia include funds under advice, trailing commissions, wrap account, robo-advisors and advice gap.
What's included in this industry?
Products and services covered in Financial Planning and Investment Advice industry in Australia include Superannuation and retirement advice, Loan and investment advice and SMSF advice.
What companies are included in this industry?
Companies covered in the Financial Planning and Investment Advice industry in Australia include Insignia Financial, Centrepoint Alliance and WT Financial.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Financial Planning and Investment Advice industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Financial Planning and Investment Advice industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Financial Planning and Investment Advice industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Financial Planning and Investment Advice industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Financial Planning and Investment Advice industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Financial Planning and Investment Advice industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Financial Planning and Investment Advice industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Financial Planning and Investment Advice industry in Australia.
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Frequently Asked Questions
What is the market size of the Financial Planning and Investment Advice industry in Australia in 2026?
The market size of the Financial Planning and Investment Advice industry in Australia is $6.1bn in 2026.
How many businesses are there in the Financial Planning and Investment Advice industry in Australia in 2025?
There are 17,530 businesses in the Financial Planning and Investment Advice industry in Australia, which has declined at a CAGR of 2.2 % between 2020 and 2025.
How may import tariffs affect the Financial Planning and Investment Advice industry in Australia?
The Financial Planning and Investment Advice industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Financial Planning and Investment Advice industry in Australia?
The Financial Planning and Investment Advice industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Financial Planning and Investment Advice industry in Australia grown or declined over the past 5 years?
The market size of the Financial Planning and Investment Advice industry in Australia has been declining at a CAGR of 1.8 % between 2020 and 2025.
What is the forecast growth of the Financial Planning and Investment Advice industry in Australia over the next 5 years?
Over the next five years, the Financial Planning and Investment Advice industry in Australia is expected to grow.
What are the biggest companies in the Financial Planning and Investment Advice industry in Australia?
The biggest companies operating in the Financial Planning and Investment Advice industry in Australia are Insignia Financial, Centrepoint Alliance and WT Financial
What does the Financial Planning and Investment Advice industry in Australia include?
Superannuation and retirement advice and Loan and investment advice are part of the Financial Planning and Investment Advice industry in Australia.
Which companies have the highest market share in the Financial Planning and Investment Advice industry in Australia?
The company holding the most market share in the Financial Planning and Investment Advice industry in Australia is Insignia Financial.
How competitive is the Financial Planning and Investment Advice industry in Australia?
The level of competition is moderate and steady in the Financial Planning and Investment Advice industry in Australia.
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