Financial planners are relying on their technology stack in greater numbers in order to engage with clients, but many believe their platform and advice software needs are not being met, research has revealed.

The costs of reform have caused practitioners and consumers to abandon the financial advice sector according to two representative bodies.

Feedback from the financial advisory sector has revealed practitioners consider the compliance relief implemented for some COVID-19 advice lacked practicality.

An advice group offering licensing and SMSF advice services to planners and accountants that was under ASIC scrutiny has shut down.