So, how many financial adviser do you think there are in NZ?
It does depend what you call an adviser, but a quick look at memberships would indicate NZMBA, about 800, PAA, about 500, FPIA, about 1200, non-members and people in organisations like banks, newcomers, accountants, and myriad part-timers, property coaches, and assorted well wishers...
Who is to say exactly how many full time. We certainly have a view and a more technical analysis available to those that wish to know in a more formal way.
Next question, though, how many do you think there will be post-regulation (if it comes). Any increase in regulation increases costs. A number of adviser businesses are marginal at any given time. Even a light-handed regime will knock some out. The heavier, the harder. Perhaps, after agreeing a starting point, we could have a sweepstake on the number that will be able to practice post-regulation.