The major trends expected in financial advice in 2023

Adviser Ratings has provided a closer look at some of the themes expected to dominate the advice industry this year.

Jeff Morris, who blew the whistle on Commonwealth Bank’s financial planning malpractice in 2008, has been awarded a Medal of the Order of Australia.

HLB Mann Judd research has found IPOs raised just over $1 billion in 2022, compared to $12.3 billion in the previous year, with market uncertainty likely to dent activity in the first half of 2023.

The underperformance of the Magellan Infrastructure fund was significantly driven by the portfolio’s lack of investment in oil-related firms, according to its manager.

Catriona Lowe has joined the Australian Competition & Consumer Commission as deputy chair, taking over from Delia Rickard.

MLC Life Insurance has appointed David Stephen to the board of MLC Ltd as an independent non-executive director.

2022 has been a unique year where advisers have been able to share their views and thoughts on how the industry should be shaped going forward.