Financial Adviser Market Insights, April 2, 2026
Adviser Numbers Decreased by (-5) for the week moving from 15,152 To 15,147
Net adviser numbers declined by five for the week. There were six new entrants (new advisers) coming onto the ASIC Financial Adviser Register. Three new licensees commenced and two ceased.
Canaccord Group moved 63 advisers from the Wilsons Advisory licensee to the Canaccord Genuity licensee last week (one adviser remains at Wilsons). Because this was an internal transfer, Licensee Owner data barely changed. To see the switch at the licensee level, members can choose “View By Lic Only.”
Sequoia who have reached an agreement to sell InterPrac, saw another 12 advisers leave InterPrac.
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Key Adviser Movements for the week
15,147 current advisers
Net change of advisers (-5)
34 licensee owners had net gains of 50 advisers
26 licensee owners had net losses of (-54) advisers
3 new licensees and 2 ceased
5 new entrants
164 advisers affected by appointments / resignations. Note: Includes 63 advisers switching at Canaccord / Wilsons
Other key dates affected by this week’s data
Net Change Calendar 2026 YTD +93. At the same data last year it was +94
Net Change Financial YTD (2025/26) (-22)
Net change last 12 months (-417).
Growth - Licensee Owners
Fiducian up by four, with three of the advisers returning back to Fiducian after resigning in late December 2025
Picture Wealth up by three, all three advisers switching from InterPrac into their Insight Investment Services licensee
A new licensee up by three - details given to members - with advisers switching from Akumin Financial Planning
Nine licensee owners up by 2 each including:
WT Financial Group, gaining one from InterPrac and another from IFA Private Wealth
Lifespan with both advisers switching from InterPrac
Fitzpatricks with one adviser coming back into advice after a break of several months and another switching from Devere Australia Group
Another new licensee with advisers switching from Capstone Financial Planning
A tail of 22 licensee owners up by net one each including ASVW Holdings, Morgans Group, Bell Financial and the remaining new licensee.
Losses - Licensee Owners
Sequoia Group down by 12, as mentioned above, some have found a new licensee while six are yet to be reappointed elsewhere
Entireti & Akumin Group down by eight, again some have switched and as mentioned above, while four have yet to be appointed elsewhere
Centrepoint Group down by four, two switching to Esencia Wealth Partners and two yet to be appointed elsewhere
Capstone down by three, two commencing their own licensee and one yet to be appointed elsewhere
Andrew Wardle (Astute Planning Services) also down by three, two switching to Life Path Financial Planning and one yet to be appointed elsewhere
Three licensee owners down by two:
Barclay Wells, both not appointed elsewhere
Finchley & Kent, both not appointed elsewhere
Wealthspan Financial, both not appointed elsewhere
18 licensee owners down by net one each including; Count Limited, Mercer and Walker Lane. The two licensees that ceased also lost one each.
