The make up of an owner-occupied advisory business

Nearly all SiFA members operate as investment advisers and have AFA designations.

In total the group’s membership has more than $1 billion of funds under advice, and on average 108 clients each.

While the average funds under management is around $30 million per adviser there was a very wide dispersion with some advisers having very big books of business.

Only 8% of members use a commission-only remuneration model, with the majority, 54%, describing their practice as "mostly fee-based, but with some commissions", and the balance described themselves as fee-only advisers.