Financial Adviser Insights, Oct 5, 2023
Adviser Numbers This Week, Net Change of (-18) Moving Down From 15,710 to 15,692
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A topsy-turvy few weeks - After a solid gain last week, we once again dip into the red, down by (-18). It was yet another busy week with 14 new entrants hitting the ASIC FAR, 4 new licensees commencing and a total of 105 advisers affected in some way by appointments / resignations.
Key Adviser Movements This Week:
Net Change of advisers (-18)
Current number of advisers at 15,692
Net Change of (-106) for Calendar YTD
Net Change new Financial YTD +131
28 Licensee Owners had net gains for 44 advisers
30 Licensee Owners had net losses for (-60) advisers
4 New licensees and 2 ceased
14 New entrants.
Number of advisers active this week, appointed / resigned: 105.
Growth This Week - Licensee Owners
Sequoia continue in growth mode and were up by net 6 advisers. This included 3 new entrants. Sequoia are now up by 27 for the calendar year.
A new licensee commenced with 4 advisers. The advisers leaving Godfrey Pembroke, owned by Insignia
Two new licensees commenced with 3 advisers each. One with advisers leaving Nextplan and the other with advisers leaving FYG Planners
A small licensee doubled in size, growing to six advisers. Gaining three advisers from Travectico Advisory. However, all three advisers are still current at Travectico.
Two licensee owners up by net 2 each. Hillswest (PFP Financial) picking up their two advisers from Picture Wealth Group’s Neo financial. Christopher Maceachern (Wealth Trail), gained tow new entrants.
21 licensee owners were up by net 1 each, including Morgans, Clime Group and BYB Wealth Management
Losses This Week - Licensee Owners
Insignia were down net (-10). This included Godfrey Pembroke losing a total of (-6) advisers.
AMP Group down (-4), none of the advisers are currently showing as being appointed elsewhere
Guideway also down (-4), again, none of the advisers showing as being appointed elsewhere
Count Group down net (-3). Note that the Count Financial licensee is up by +9 and Count’s new licensee, Affinia, down by (-12). There is a lot of movement from Affinia to Count
Nextplan also down by (-3) after three advisers went to self licensing
Five licensee owners down by (-2) each including Capstone, Fortnum and Shaw and Partners
17 licensee owners down by (-1) each including Centrepoint, Steinhardt Holdings and Viridian Group.
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