Financial Adviser Market Insights, April 10, 2025
Adviser Numbers Increased By 24 For The Week, Moving From 15,576 To 15,600
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A solid jump in the number of advisers by 24, taking the total to a nice round number of 15,600. The jump this week was due to a surge of 21 new entrants (advisers) joining the ASIC Financial Adviser Register (FAR).
This jump was driven by the results of the March 2025, Financial Adviser Exam being released by ASIC - Full report on this exam provided via link below.
The new entrants dominated what was otherwise a quiet week No new licensees, a rare event, while two ceased. One group lost seven advisers which resulted from a break-up of partnerships that started earlier this year - all details below.
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Key Adviser Movements For This Period
Net change of advisers +24
Current number of advisers at 15,600
Net Change Calendar 2025 YTD +124
Net Change Financial YTD +257
40 Licensee Owners had net gains of 47 advisers
17 Licensee Owners had net losses for (-27) advisers
Zero new licensees and two ceased
21 New entrants
Number of advisers active in this period, appointed / resigned: 96.
Growth - Licensee Owners
Togethr Trustees, up by three advisers, one new entrant and picking up one adviser each from Interprac owned by Sequoia and Akumin Financial Planning formerly known as AMP Financial Planning.
Entireti & Akumin Group also up by net three advisers. A busy week with a lot of movement including; Picked up one new entrant and also an adviser coming back after a break of several years. Also picked up three advisers from RI Advice owned by Rhombus.
Three licensee owners up by net two:
Templestone picking up one adviser each from Viridian and Bridges, owned by Insignia
Rhombus picking up three advisers, one each from Interprac and Capstone and another coming back after a break of several months, and losing one adviser who is yet to be appointed elsewhere.
PSK Group with two advisers who are still currently authorised with Charter Financial Planning, owned by Entireti & Akumin Group.
A very long tail of 33 licensee owners up by net one including Shaw and Partners, Sequoia and Findex.
Losses - Licensee Owners
Viola Group down by seven. All advisers are at Pitcher Partners Sydney Private Wealth. The advisers were authorised at Pitcher Partners back in February this year.
Count Limited down by three advisers, appointing one new entrant and losing four advisers. Of the four advisers leaving, only one has been appointed at Advice Evolution, the other three yet to be appointed.
Capstone down by two, one joining RI Advice of Rhombus and one yet to be appointed elsewhere
A small licensee Grow Your Wealth also down by two and moving to zero advisers. Both advisers have not been appointed elsewhere.
A tail of 13 licensee owners down by net one each including; Insignia, Canaccord Group and AIA Company.
Financial Adviser Exam Results and Trends
The Financial Adviser Exam results were recently released. In summary, the numbers were down on the last exam sat in November and also down on the March exam results of 2024. We have analysed the results and released a post that can be accessed below.
One interesting statistic is the number of candidates that have passed versus the number of current advisers. The gap continues to grow and is now close to 4,700 with over 20,200 passing the exam.
