Financial Adviser Weekly Movement - August 6, 2020
The week showed further losses of Adviser roles, with a net change of of -11. Despite this loss, the net Adviser roles for the current quarter remains positive at plus 44.
The major movement this week was between Affinia and Clearview. Affinia have won over a major practice, Experien Insurance Services, from Clearview. For the week Affinia are up a net 12 Adviser Roles while Clearview were down a total of 13 Adviser roles.
SMSF Adviser Network and Lifespan both gained 5 Adviser roles. Count Financial did see more losses with a further 7 Adviser roles removed from their books.
Year to date, shows Lifespan moving to the top of licensee chart with a net gain 43 roles. Lifespan have been consistently adding Advisers throughout the year. Interprac are in second position with a net gain of 40. Interprac did benefit earlier in the year through the purchase of Advice business arm from Yellow Brick Road.
The licensees losing most Advisers YTD remain consistent. Financial Wisdom (now closed) AMP Financial Planning, and ANZ Bank holding onto the bottom three positions. It should be noted that Ord Minnett Financial are showing a net loss of 81. However, Ord Minnett were running two seperate licenses and they have now merged. Therefore, in Actual number of Advisers there was no loss. For more information as to why some Advisers work under more than one licensee, go to tab 12 of the dashboards.
The number of New Provisional Advisers keep growing, now up to 20. A net gain of 2, with 3 added in the first week of August and one loss.
