Financial Adviser Market Insights, April 23, 2026
Adviser Numbers Increased by 10 for the week moving from 15,125 to 15,135
No change in licensees this week after a volatile few weeks, still feeling effects from the SMSF Adviser Network licensee closure. Last week numbers rose by 66; this week they rose by another 10.
The March Financial Adviser Exam continues to see more advisers added to the ASIC Financial Adviser Register (FAR) with 11 (new advisers) joining this week. Without this increase the net total would have been (-1) advisers.
Sequoia owned InterPrac was down by another four advisers, with only one appointed elsewhere to date.
Only three ceased licensees and none added.
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Key Adviser Movements for the week
15,135 current advisers
Net change of advisers +10
27 licensee owners had net gains of 39 advisers
23 licensee owners had net losses of (-32) advisers
No new licensees and 3 ceased
11 new entrants
86 advisers affected by appointments / resignations.
Other key dates affected by this week’s data
Net Change Calendar 2026 YTD +81. At the same date last year it was +123
Net Change Financial YTD (2025/26) (-34)
Net Change Last 12 months (-459)
Growth - Licensee Owners
Endeavor asset Management up by five, all five advisers switched from InterPrac - Note: The four InterPrac advisers shown as losses in the previous week
NTAA up by four, additional switching continued from the ‘old’ SMSF Adviser Network to Advice Assist. Six advisers switched. However, two advisers at Advice Assist ceased. Of interest, the two that ceased only switched over in the last couple of weeks
Two licensee owners up by three:
Findex, advisers coming from Gallagher Benefit Services, GWM Adviser Services & Bombora Advice
Fiducian Financial, two advisers, one coming from Entireti and one from Ivy Markets and one new adviser entering the scene
Consortium Private up by two, both transitioning from the former SMSF Adviser Network
22 licensee owners up by one each, including WT Financial, Rhombus Enterprise and Infocus with no new licensees commencing.
Losses - Licensee Owners
Entireti down by five, lost seven advisers not appointed elsewhere, one switching to Fiducian Financial, one new adviser and one adviser recommencing after a break
Squoia down by four, one switching to Alliance Wealth and three not appointed elsewhere
Two licensee owners down by two,
Count, lost three advisers and appointed one from Synchron Advice
Licentium Services, lost two advisers leaving the licensee with no advisers
19 licensee owners down by net one each including; Canaccord, CentrePoint Group and LifeSpan.
