Adviser Numbers This Week, Net Change of (-12), Moving Down From 15,700 To 15,688

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The adviser count experienced a notable dip, influenced primarily by the Macquarie Group's releasing 9 advisers. This week also marked a low influx of new entrants, with only 2 joining the industry – one of the smallest numbers recorded this year.

Key Adviser Movements This Week:

• Net change of advisers (-12)

• Current number of advisers at 15,688

• Net Change of (-111) for Calendar YTD

• Net Change Financial YTD +129

• 24 Licensee Owners had net gains of 33 advisers

• 23 Licensee Owners had net losses for (-44) advisers

• 3 New licensee and 2 ceased

• 2 New entrants.

• Number of advisers active this week, appointed / resigned: 75

Growth This Week - Licensee Owners

• Centrepoint picked up 3 advisers at Alliance Wealth. Notably, 2 advisers were onboarded from a small 'Micro AFSL', Bough Financial, which has now ceased operations (down to zero advisers)

• 6 licensee owners were up by 2 each including:

  • WT Financial Group picking up 1 adviser at Sentry and Synchron, both advisers from different licensees

  • Spark Financial Group, picking up both advisers from Australian Investment and Insurance Group

  • Industry Super Holdings who picked up 3 advisers and lost 1

  • Diverger with one each at GPS Wealth and Paragem

  • Sentinel Wealth, who picked up 2 advisers from different licensees

  • A new licensee with advisers departing Reedy Capital

• A tail of 17 licensee owners up net 1 each including Clime Group, Australian Retirement Trust, AMP Group who picked up 2 advisers from Capstone and lost 1 adviser. The remaining 2 new licensees started with one adviser each.

Losses This Week - Licensee Owners

• Macquarie Group down by (-9). At the licensee level, Macquarie bank and Macquarie Equities lost 7 advisers each. However, most of the advisers were authorised at both licensees. A breakdown can be found at Dashboard 1b of Adviser Fast facts

• Capstone down by (-4), bringing the losses to (-13) for the month and (-17) for the last 3 months. See dashboard 2B Adviser Fast Facts

• Insignia down by (-3), all three are showing as ceased and are from 3 different licensees owned by Insignia

• Mercer also down (-3), all advisers yet to be appointed elsewhere

• 6 licensee owners down (-2) each including Viridian, Picture Wealth and sequoia

• A tail of 12 licensee owners down by (-1) each including Castleguard Trust (Lifespan), Shaw and Partners and Count Group.

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