Benefits of Choosing a Self-Licensed Financial Adviser


When it comes to managing your wealth, the role of a financial adviser is super important. They offer not just financial advice, but a peace of mind — the confidence that your financial future is in good hands.

In this post, we’ll explore the reasons why having a self-licensed financial adviser can be a game-changer for Australians.

Understanding Self-Licensing in the Financial Advisory Landscape

The traditional model of financial advisory services involved advisers operating under the Australian Financial Services License (AFSL) of a larger institution. This setup, while ensuring compliance and support from the parent company, often comes with caveats for both advisers and their clients. Now, a growing number of financial advisers are opting to operate independently, obtaining their own AFSL, which introduces a more personalised and flexible approach to financial advice.

Driven by a desire for greater autonomy, the independent adviser movement in Australia has seen a substantial rise in self-licensed financial advisers. These professionals break away from the corporate structure to offer bespoke services that cater to the unique needs of their clients.

With a self-licensed adviser, clients are directly dealing with the decision-makers, which often translates to more attentive and customised advice. This personal touch can make a significant difference in the level of service and the outcomes achieved for the client.

The Advantages of Self-Licensed Financial Advisers for Clients

Self-licensed financial advisers can offer several advantages over advisers. From greater choice to unbiased advice, the benefits for clients are substantial.

  • A Broader Range of Investment Options: Being independent means these advisers aren’t tied to products or services from a specific provider. This freedom generally allows them to recommend a more diverse and tailored investment portfolio, aligning more closely with the client’s financial goals.
  • Lower Costs and Conflicts of Interest: By eliminating the layers of bureaucracy and large corporate overheads, self-licensed advisers can often reduce fees for their clients.
  • A Focused, Client-Centric Approach: Self-licensed advisers have the flexibility to keep their client base manageable, ensuring that each client receives a more personalised and client-oriented service. This focus on individual client needs can lead to better financial outcomes and a more satisfying client-adviser relationship.

The Regulatory Environment for Self-Licensed Advisers in Australia

While the freedom of self-licensing offers numerous benefits, it’s not without its regulatory challenges. Self-licensed advisers need to be vigilant about compliance to ensure they maintain the high standards expected by the industry.

Self-licensed advisers must be diligent in staying abreast of regulatory changes and compliance requirements, as they have sole responsibility for their license. This independence, while daunting, can invigorate a culture of best practice and ongoing professional development.

Regulatory changes, while sometimes disruptive, can also foster innovation in service delivery for self-licensed advisers, promoting a more adaptable and responsive approach to client needs.

Benefits of a Self-Licensed Adviser for Different Life Stages

The advantages of a self-licensed financial adviser can vary depending on your life stage and financial circumstances. Here’s how self-licensing can be beneficial at different points of your financial journey.

  • For Young Investors and Professionals: Young investors often have a need for more straightforward advice on savings, investments, and sometimes, personal finance basics. Self-licensed advisers, free from corporate agendas, can provide clear and unbiased advice for those navigating the financial world for the first time.
  • In Mid-Career and Growing Wealth: Mid-career individuals are often facing complex financial decisions that require personalised strategies. Self-licensed advisers can craft strategic plans for wealth management, retirement accumulation, and, often, business or property investment decisions.
  • Approaching Retirement and Asset Distribution: In the pre-retirement phase, meticulous planning is crucial. Self-licensed advisers can assist with the various strategies for retirement income, superannuation, and asset distribution, ensuring a smooth transition into the retirement phase.

How to Find a Self-Licensed Adviser that’s Right for You

Before committing to a self-licensed adviser, it’s important to conduct thorough research to ensure they are a good fit for your needs and values.

  • Consider Qualifications and Experience: Check the qualifications and experience of the adviser; look for advanced education, certifications, and a solid industry track record.
  • Availability and Service Offerings: Understand the adviser’s availability and the range of services offered. Will you be a priority client, and what level of ongoing support can you expect?
  • Client Testimonials and Referrals: Seek out client testimonials and referrals to gauge the adviser’s reputation for service quality and client satisfaction.

The Future of Financial Advising in Australia and the Role of Self-Licensing

The emergence of self-licensed financial advisers is a clear indication of a broader shift toward more consumer-centric financial advice. This trend is likely to continue, with self-licensed advisers playing an increasingly influential role in the market.

Industry stakeholders are taking note of the rise of self-licensing. Many financial institutions are adapting their models to provide greater autonomy to advisers in an effort to retain talent and compete with self-licensed advisers.

The future of financial advising in Australia is one where the dynamics between advisers and clients continue to evolve. Self-licensed advisers are at the forefront of this evolution, shaping a future where personalised, independent advice is the norm, not the exception.


In conclusion, the trend towards self-licensed financial advisers in Australia offers a wealth of benefits for clients. With more personalised service, a broader range of investment options, and a potentially better financial outcome, it’s clear that self-licensed advisers are a force to be reckoned with in the financial advice industry. For self-investors, small business owners, retirees, and young investors, the opportunity to work with an adviser who not only understands your needs but actively tailors their service to meet them is one that should not be overlooked.

If you would like to start building a secure financial future, please click here to organise a complimentary meeting with an EPG Wealth adviser.


<a href=””>Image by wayhomestudio</a> on Freepik



How to Navigate the Rising Cost of Living

June 14, 2024

Should I Pay Down My Mortgage or Invest in Super?

June 13, 2024

Do You Pay Tax If You Are Retired?

June 11, 2024

What is a Family Trust?

June 6, 2024