Cons include heavy compliance workload, ongoing education and licensing costs, client acquisition pressure, and responsibility during market downturns. Building a client book takes time. Practice owners also face business risk, professional indemnity insurance costs, and tight documentation standards for audits and regulatory reviews.
- Complicated licensing and certifications
- Challenging job roles
- High cost of living
- Market risks
- Regulatory auditing
- High investment of time and cost
- Long hours
- Frequent client communication
Despite these challenges, many advisers find the role rewarding due to client impact and career flexibility. Strong processes, advice tech, and team support reduce friction and improve work‑life balance.
International graduates should choose employers with structured training and mentoring to navigate compliance efficiently.
Explore training pathways via business courses in Australia and learn about post‑study work rights.
