Adviser Numbers This Week, Net Change of (-4) Down from 15,715 to 15, 711

Click Here To Access Basic / Free Adviser Dashboard

Need More Data?
Join our Members Lounge - Click Here For Membership Information -

The number of advisers reduced by net (-4), despite 9 new entrants commencing this week. This means that 15 experienced advisers dropped off the ASIC Financial Adviser Register. Some resignations were backdated before the start of the current financial year. See also Resigned and Ceased below.

Key Adviser Movements This Week:

• Net Change of advisers (-4)

• Current number of advisers at 15,711

• Net Change of (-89) for Calendar YTD

• Net Change new Financial YTD +143

• 21 Licensee Owners had net gains for 28 advisers

• 28 Licensee Owners had net losses for (-32) advisers

• 2 New licensees and 1 ceased

• 9 New entrants

• Number of advisers active this week, appointed / resigned: 65.

Growth This Week - Licensee Owners

• Beryllium Advisers gained 4 advisers, 3 of which came across from Millennium 3 (M3), currently owned by Insignia.

• 4 licensee owners had gains of net 2. Steinhardt Holdings (Infocus) with 2 new entrants. Unisuper with one adviser from NAB, the other being an existing adviser re-appointed. Count with 1 from M3 and 1 from Merit Wealth. AIA with one adviser from Tynans and the other being a re-appointment after a 12-month break.

• 17 licensee owners up by net 1 each including the two new licensees (details given to members), Centrepoint, Picture Wealth, Euroz, ASVW and Boyce.

Losses This Week - Licensee Owners

• CPS Capital Group down (-3) and none of the advisers showing as current elsewhere.

• Bell Financial Group down by (-2), with one of the adviser now at CHPW Financial

• Sequoia also down by (-2), with one of the advisers commencing their own AFSL

• A long tail of 25 licensee owners down by net (-1) each, including, Bombora Advice, Shaw and Partners, Guideway, and AMP Group.

Number of Advisers Resigned and Ceased
This calendar year, 620 advisers have resigned and ceased. The average experience of those who have ceased is 14.3 years per adviser. The experience of those who have ceased, is slightly lower than the average experience for all current advisers, which is at 15.6 - see lower ‘Current Advisers By Experience’ chart.

Almost half of the advisers who have ceased, at 298, have done so after less than 10 years as an adviser.

Re Current Advisers as per chart below, a total of 241 new entrants have commenced in this period, a difference of (-379) to the numbers that have ceased. However, net losses this year is currently at (-89). The variance, of some 290 advisers, is made up of advisers who have come back into advice who resigned prior to the end of 2022.

Have a great week and checkout the

Members Lounge for all of your data needs - Click on box below