Financial Adviser Insights, Nov 30, 2023
Adviser Numbers This Week, Net Change of +6, Moving Up From 15,688 To 15,694
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The adviser count moved up by six advisers, boosted by 5 new entrants. While the gain was modest, 75 advisers ‘moved’ in one direction or another this week. As we start to looking at closing the year, we can expect more volatility in the adviser market.
Key Adviser Movements This Week:
Net change of advisers +6
Current number of advisers at 15,694
Net Change of (-105) for Calendar YTD
Net Change Financial YTD +135
29 Licensee Owners had net gains of 38 advisers
24 Licensee Owners had net losses for (-31) advisers
1 New licensee and 3 ceased
5 New entrants.
Number of advisers active this week, appointed / resigned: 75
Growth This Week - Licensee Owners
Australian Retirement Trust up net 5, with 4 advisers being ex Aware Super
LFG Financial Services gained three advisers, all moving across from Australian Mortgage and Financial Advisers.
3 Licensee owners up net 2 including:
AMP Group who gained three advisers, including 1 new entrant and lost 1 adviser
SGN Financial picked up 1 adviser from Matrix part of Centrepoint, and one new entrant
Financial Services Group, picking up 2 advisers from different licensees.
24 licensee owners were up by 1 each including, Spark Partnership Group, Fortnum, Count Group and Beryllium Advisers.
Losses This Week - Licensee Owners
Insignia down by (-4), with 4 advisers leaving, 2 have been appointed elsewhere at different licensees
Australian Mortgage And Financial advisers down by (-3), as mentioned above, advisers moved to LFG
Diverger down by (-2), both leaving GPS Wealth, 1 already appointed elsewhere
Macquarie Group losing another 2 on top of the 9 that left last week
A tail of 20 licensee owners down by (-1) each including all 3 ceased licensees, Fiducian, Morgans and Centrepoint.
Super Funds Analysis - Two Posts This Week
Each quarter, we update our SMSF and Super Funds By Fund Type Dashboards - New data came out for both earlier this week. Both sets of analysis include an overlay of financial adviser data. Members get access to the interactive dashboards plus a PowerPoint Presentation of each.
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