Adviser Ratings has launched a new Find An Adviser tool to help consumers find financial advisers who are ASX trading participants.

Any future advice gap will come from the departure of active advisers and not those biding their time until retirement, a consulting firm has predicted.

The leading SMSF body has identified the issue of not receiving financial as more serious than the delivery of poor advice.

The level of interest in financial advice has reached record levels this year, with active advice clients also demanding higher levels of engagement with practitioners.

Any move to make financial advice accessible for more consumers should not prioritise a reduction in cost over the quality of the advice provided, CHOICE chief executive Alan Kirkland says.