Kiwi MDRT members outpace their global peers

New Zealand financial advisers are growing faster than their global counterparts but operate in a fundamentally different business model, according to new survey data from the Million Dollar Round Table (MDRT).

New Zealand country chair Travis Hamilton presented the data at the MDRT roadshows this week.

Kiwi MDRT members reported average growth of 17% over the past 12 months, outpacing the global average of 14% despite being younger and less experienced than the typical international member.

The average New Zealand member is 46 years old with 17 years of industry experience, compared to their global peers at 53 years old with 25 years in the field. But they're delivering stronger growth while working similar hours and managing similar-sized teams.