Financial Adviser Market Insights, April 17, 2025
Adviser Numbers Increased By 10 For The Week, Moving From 15,600 To 15,610
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Another good week of growth, this week up by 10 after growth of 24 the previous week. The number of new entrants for the week is 17, taking the fortnightly total of 38 after the Financial Adviser Exam results. No new licensees for the second week in a row.
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Key Adviser Movements For This Period
Net change of advisers +10
Current number of advisers at 15,610
Net Change Calendar 2025 YTD +134
Net Change Financial YTD +267
25 Licensee Owners had net gains of 36 advisers
18 Licensee Owners had net losses for (-27) advisers
Zero new licensees and zero ceased
17 New entrants
Number of advisers active in this period, appointed / resigned: 72.
Growth - Licensee Owners
Rhombus Advisory up by four, a combination of one new entrant, one adviser coming back into advice after a break of several months, one from Findex and one from Capstone.
Centrepoint also up by four and with all coming from different licensees
Viridian up by three, with one new entrant and one adviser each from Baker Advice and MUFG Retire360.
Infocus also up by three with one new entrant and one adviser each from Alliance Wealth owned by Centrepoint and one from AXIIS Capital.
BDP Private Wealth Advisers, up by two, both being new entrants
20 licensees owners up by plus one including Picture Wealth, Koda Capital and Entireti & Akumin.
Losses - Licensee Owners
WT Financial Group down by 7, none of the seven showing as being appointed elsewhere to date. They lost two advisers each at Millennium 3, Synchron and Wealth Today, and one from Sentry Advice.
Sequoia down by three all from Interprac and none showing as being appointed elsewhere.
Shaw and Partners down by 2, one joining Openmarkets Australia and the other yet to be appointed
A tail of 15 licensee owners down by net one each including; Evans Dixon, Capstone and Morgans Group.
Financial Adviser Landscape Presentation + Wrexham FC
In March, at the Financial Newswire event 'Advice, Wealth and Super Rewired', I talked about the Financial Adviser Landscape, including:
🔹 Adviser movement – Historical and current growth at the licensee level
🔹 New advisers and annual changes
🔹 Micro AFSLs disrupting the market
🔹 Analysis of the wealth market using listed participants stock price movements to identify winners and losers in recent years
🔹 Superannuation trends, suggesting it's an excellent time to be a financial adviser
🔹 And for something completely different, a brief look at Wrexham FC's turnaround under Hollywood management - changes both on and off the field ⚽
The presentation is now in our store and available for free.
