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Finance and Financial Management

Financial planning

Edith Cowan University

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Factors Affecting The Growth Of Small Privately-Owned Financial Planning Businesses, Darren A. Pawski, Robert J. Powell, Anna Golab Dec 2022

Factors Affecting The Growth Of Small Privately-Owned Financial Planning Businesses, Darren A. Pawski, Robert J. Powell, Anna Golab

Research outputs 2022 to 2026

Over the past 10 years, there have been many financial scandals in the financial advice industry, which has caused substantial losses for investors. Large wealth institutions controlled by major Australian banks have significantly contributed to investor losses by promoting their products which were not always in the best interests of clients. The aim of this study was to explore the factors affecting the current and future growth of small privately-owned financial planning businesses as a competitive marketplace provides better consumer outcomes. The study undertook a qualitative approach using an exploratory research design which involved the recruitment of 51 privately-owned financial …