Australia's biggest dealer groups claim they are not as fazed by the global credit crunch as they are by the challenge to secure financial planners for the future.
AMP Financial Planning (AMPFP), Australia's second-biggest dealer group, cited demand for high-quality advisers was still high despite an impact on inflows.
"The demand for good-quality people remains high despite the market conditions," AMPFP managing director Michael Guggenheimer told InvestorDaily.
Count Financial, Australia's third-largest dealer group, found conditions as competitive as last year, chief executive Marianne Perkovic said.
"For us, any expansion plans in reference to CountPlus or growing advisers have not slowed," she said.
Revenue growth in Axa Asia Pacific brands, Axa Financial Planning and Charter Financial Planning, is continuing to rise due to a strong footprint in Western Australia
"Within our network, the WA practices, on average, are showing even stronger revenue growth than the already solid results in other states," Charter national manager Paul Williams said.
Like Count Financial, Axa and Charter have been looking to offset poor returns in the market by developing and using structured products.
