Financial Adviser Market Insights, April 9, 2026
Adviser Numbers Decreased by (-88) for the week moving from 15,147 To 15,059
A large drop in the number of advisers, driven by what appears the closure of the SMSF Adviser Network licensee. The number of advisers ceased at the SMSF Adviser Network this week was 85 and the licence is now showing zero advisers. The name has been changed on the ASIC records to it’s ACN Number 155 907 681 and the website cannot be accessed.
The licence is controlled by the National Tax & Accountants’ Association Ltd (NTAA). We have contacted NTAA and at the time of writing, we have not received a response to our inquiry.
The SMSF Adviser Network licence offered restricted adviser services to provide mostly limited advice associated with Superannuation.
NTAA also control Advice Assist Australia, a licence that is less restrictive. This is currently showing as having 15 advisers, including two that switched this week from the SMSF Adviser Network.
In what is otherwise a quieter week, due in part to the Easter holidays, three new licensee commenced, one ceased. Ten new entrants commenced.
We can expect the number of new entrants to remain strong over the coming weeks as the Financial Adviser Exam results for March were released with 209 Pass Exam. - See Financial Adviser Exam Details Here
First Month Now Only $39.00 Selecting 'YEARLY' cost is only $950
Key Adviser Movements for the week
15,059 current advisers
Net change of advisers (-88)
27 licensee owners had net gains of 29 advisers
29 licensee owners had net losses of (-115) advisers
3 new licensees and 1 ceased
10 new entrants
152 advisers affected by appointments / resignations.
Other key dates affected by this week’s data
Net Change Calendar 2026 YTD +5. At the same data last year it was +122
Net Change Financial YTD (2025/26) (-110)
Net change last 12 months (-527).
Resignations and ceased on the FAR - Since Dec 1, 2025 the number has now risen to 691 and includes the advisers noted today from the SMSF Adviser Network.
Growth - Licensee Owners
Quill Group Holdings (Quill Group Financial Planners), up by two and both are also currently showing as being authorised at TW Licensee Services
Philborne Pty Ltd (Dirigere Advisory Pty Ltd), also up by two, both advisers switching from Finchley & Kent
25 licensee owners up by one including WT Financial Group, Lifestyle Asset Management and all three new licensees
Losses - Licensee Owners
NTAA down by net 82, with 85 advisers being removed from their SMSF Adviser Network licence, which is now down to zero advisers. All but the two that switched to Adviser Assist Licensee also controlled by NTAA, are not showing as being appointed elsewhere to date.
Four licensee owners down by two: Note, in all cases, none of the advisers have been appointed elsewhere
Canaccord Genuity
Entireti & Akumin Group
Plan 2 Pty Ltd
Rhombus Enterprises
River X Financial Services
23 licensee owners down by net one each including; Fiducian, Insignia Group and Centrepoint Group.
