Financial Adviser Market Insights, April 16, 2026
Adviser Numbers Increased by 66 for the week moving from 15,059 to 15,125
What a difference a week makes! Last week the numbers were down by (-88) and this week the numbers are up by 66.
Last week, the drop was mainly due to the SMSF Advisers Network, run by National Tax & Accountants’ Association Ltd (NTAA). Some 85 advisers resigned, leaving that licence empty. Its website was shut and the business name removed from the ASIC listing. They have now moved 47 of those advisers to their Advice Assist Australia licensee, which has a broader licence offer than the restricted SMSF Advisers Network offer. However, of the 62 current advisers under Advice Assist Australia, only 21% can use a Wrap to offer investments, so most will still provide limited SMSF services.
As expected, the number of new entrants (new advisers), jumped due to the March Financial Adviser Exam results being recently released. This added to the rise in adviser numbers by 18.
Sequoia owned InterPrac was down by eight advisers, with seven of them appointed elsewhere.
Three new licensees were added and three ceased.
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Key Adviser Movements for the week
15,125 current advisers
Net change of advisers +66
39 licensee owners had net gains of 98 advisers
20 licensee owners had net losses of (-30) advisers
3 new licensees and 3 ceased
18 new entrants
125 advisers affected by appointments / resignations.
Other key dates affected by this week’s data
Net Change Calendar 2026 YTD +71. At the same date last year it was +132
Net Change Financial YTD (2025/26) (-44)
Net change last 12 months (-472).
Growth - Licensee Owners
NTAA up by 47. As mentioned above, this was due to switching some of the advisers to Advice Assist that exited last week from the their SMSF Advisers Network licensee
Entireti & Akumin Group up by five, two being new entrants, two coming back into advice after last being on the FAR back in 2017 and another adviser who was last on the FAR in 2023. This indicates a number of advisers finding a way back into the advice market.
O & Z Pty, (Havana Financial Services) up by three, all three joining from InterPrac.
Six licensee owners up by two each including:
Vivid Holdco (Viridian), both new entrants
Picture Wealth, with one adviser moving from Shadforth owned by Insignia and one from Akumin Financial Planning
Morgan Stanley, both new entrants
Centrepoint Group, one switching from Infocus Securities and the other from Hunter Green
29 licensee owners up by one each, including Koda Capital, Canaccord and all three new licensees that commenced with one adviser each.
Losses - Licensee Owners
Sequoia Group down by eight, as mentioned above, three joining Havana Financial Services, two commencing their own licensees, one switching to Australian Mortgage and Financial Advisers and one moving to PGW Financial Services. One adviser yet to be reappointed.
Three licensee owners down by two
Arthur J Gallagher (Gallagher Benefit Services), neither appointed elsewhere
Complete Commerce - now down to zero and neither appointed elsewhere
Fitzpatricks Group and neither appointed elsewhere
26 licensee owners down by net one each including; Count Limited, Macquarie Group and Bluewater Financial.
