Financial Adviser Insights, Feb 15, 2024
Adviser Numbers, Net Change of (-4), Moving From 15,648 To 15,644
Click Here To Access Basic / Free Adviser Dashboard
Need More Data?
Join our Members Lounge - Click Here For Membership Information -
First Month at 50% off Extended - Use promo Code 50%Month1
Enter promo code 50%MONTH1 for 50% discount on first month Selecting 'YEARLY' cost is only $950
Summary for the week
Another busy week with 116 advisers affected. We have seen over 90 advisers affected by change each week since Jan 1, 2024. Net numbers were down by (-4).
This week, Crown Wealth are down by (-22). Most of the advisers had been appointed earlier in the year at different licensees, hence the net loss of advisers is not so great at (-4).
Key Adviser Movements This Week:
Net change of advisers (-4)
Current number of advisers at 15,644
Net Change of +30 for Calendar 2024 YTD
Net Change Financial YTD +87
32 Licensee Owners had net gains of 41 advisers
27 Licensee Owners had net losses for (-57) advisers
2 New licensees and 1 ceased
6 New entrants.
Number of advisers active this week, appointed / resigned: 116.
Growth This Week - Licensee Owners
A new licensee commenced with 4 advisers. This was a former practice of Fortnum. Details given to our members.
Thi Nguyen who owns 2 licensees with advisers, Consilium and Premium Advisory - The new advisers joining Premium Advisory from Crown Wealth.
Four licensee owners up by net 2 each:
Centrepoint Group, with 2 advisers joining Alliance Wealth, 1 from Bridges and the other from Macquarie
Castleguard Trust (Lifespan) picking up 2 from Lifespan
Australian Financial Planning Group, with both advisers from a small licensees Nica Group
AMP Group with one adviser joining AMP FP coming back after a break and 1 adviser joining Hillross from Zurich
26 licensee owners up by net one each including, Shaw and Partners, Koda Capital, Clime and Insignia.
Losses This Week - Licensee Owners
Crown Wealth down by (-22). As mentioned earlier, many had joined other licensees earlier in the year
Count Limited down by (-4), with 2 already appointed at alternate licensees.
WT Financial Group down by (-3), none appointed elsewhere to date
Four licensee owners down by (-2) including Fortnum who hired 2 and lost 4 advisers
20 licensee owners down by (-1) each including Macquarie Group, Politis and Fiducian.
More Free Tools
This week we made available, for free, our Super Funds dashboards along with the Financial Adviser Client Segmentation tool. Both are ‘cut down’ versions of what is available to our members. Despite being cut down versions, both offer significant insights.
The Super Funds dashboards have been created using the APRA Annual Superannuation Statistics, with SMSF data included via the ATO. For more Information, Click Here
Financial Adviser Client Segmentation Tool - This tool allows users to analyse their current client base into different segments and ‘tweak’ key data points such as revenue per client, time per client, etc to reach a new revenue target within time restraints. The data shows the gross revenue, time taken and hourly rate to help you achieve your business goals. For more information, visit the free Client Segmentation Tool here.
We have extended our ‘First month at 50% off’ - simply use the Promo Code 50%MONTH1 to obtain your discount.
Note: You can join and exit without any minimum monthly limits. This will give you full access to all our tools, dashboards and databases
Join our Members Lounge for all your data needs - Click on box
