Meet the Adviser Champions: SimplyBiz's Tom Hegarty

The past couple of decades have seen the number of advisers shrink and the demographic of the average financial adviser age, meaning "we're probably going see a continuing decline in those numbers", Hegarty says. Coupled with that, he says, regulatory requirements have become more onerous, so advisers are taking longer to serve each client. This results in advisers dealing with fewer clients at a time when there is an increasing demand for financial advice. For Hegarty the market must be replenished with advisers, which is a challenge in itself as routes into the profession are dwindl...