Invested in what comes next
The stockbroking and investment advice profession is entering a new era. Markets are more complex, technology is transforming industries, and Australia is entering one of the largest intergenerational wealth transfers in its history. This will reshape not only who holds wealth, but how it is guided and grown.
Now is the moment to define what comes next. To close the perception gap, expand access, strengthen pathways and build a profession that reflects the investors, talent and opportunities shaping Australia’s future.
This report draws on insights from across SIAA’s membership, independent research and industry consultation to explore the future of the profession and its role in enabling prosperity across generations.
Does the wholesale investor test need to change?
SIAA’s discussion paper on the wholesale investor test examining whether it needs to change addresses the issues of:
- whether there is evidence of harm to support calls for change
- how the test is applied in practice
- existing regulatory protections for wholesale investors and
- the consequences for advisers and investors of a change in the test.