Financial Adviser Market Insights, August 6, 2026
Adviser numbers rose rose by 31 for the week, moving from 15,091 to 15,122
A fifth consecutive week of gains, and the recovery keeps building. Calendar 2026 is now up 67 and the financial year to date is at 238.
It was another broad week (45 licensee owners up against just 19 down), three small licensees effectively swapped whole teams of advisers with one another, Sequoia's InterPrac exodus continued to feed both Gill and Co and a fast growing Springboard, and Count Limited kept absorbing its Oracle Advisory acquisition.
Large licensee owners doing well- see more below.
A total of 101 advisers were affected by appointments and/or resignations this week, including 22 new entrants to the register.
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Key Adviser Movements for the Week
15,122 current advisers
Net change of advisers: +31
New Entrants: 22
New licensees commenced: 5
Licensees ceased: 2
45 licensee owners had net gains
19 licensee owners had net losses
Net Change Calendar 2026 YTD: +67
Net Change Financial Year 2026/27 YTD: +238
Net change last 12 months: (-246)
Growth - Licensee Owners
Four Licensee Owners up by four
Centrepoint Group up by four to 595, two advisers joined from Newcastle Greater Mutual Group, one joined from Entireti & Akumin (Fortnum Private Wealth) and one was a new entrant.
New Licensee details to Members up by four — a team of four advisers moved together from Vivid Holdco (Viridian Advisory).
SPS Licence up by four, three advisers joined from Medical Financial Pty Ltd, which closed during the week (see Losses), plus one new entrant.
Entireti & Akumin Group up by four to 1,096 — four advisers joined from WT Financial Group (Synchron Advice), two from a small licensee (Evolution Financial), one new entrant, and one adviser returning to advice after a break, last current in December 2025.
Phillip Alexander (Gill and Co Advisory) up by three to 41 — all three joining from Sequoia's InterPrac Financial Planning licensee (see Losses), extending the strongest run of the past year.
Six licensee owners up by two:
Sofia Korac (Springboard Wealth) up by two, both also joining from Sequoia's InterPrac licensee.
Count Limited up by two to 548, two advisers joined from its own recently acquired Oracle Advisory Group licence, plus one new entrant, continuing to consolidate that acquisition.
Oreana Financial Services, Eastern Financial Services, Your Financial Guide and APT Wealth Holdings
A long tail of license owners up by one including the remaining four new licensees, plus Picture Wealth and Grimsey Wealth.
Losses - Licensee Owners
Sequoia Group down by six to 104, all from InterPrac Financial Planning — three to Gill and Co, two to Springboard Wealth and one to WT Financial Group.
Vivid Holdco (Viridian Advisory) down by four, with a team of four moving together to THK Partners (see Growth) and one adviser not yet reappointed.
Newcastle Greater Mutual Group down by three and reduced to zero advisers, two moved to Centrepoint Group and one to Daintree Topco (Bridges Financial Services)
Medical Financial Pty Ltd down by three and reduced to zero advisers, all three moving to SPS Licence (see Growth).
WT Financial Group down by two on net — four advisers left for Entireti & Akumin while one joined from Interprac and one from Prosperity Wealth Advisory, partly offsetting the loss.
A tail of licensee owners down by one each, including Infocus Group, Lifespan and Hewison & Associates.
Large Licensee Owners - Gaining Advisers
Were only just a few weeks into the new financial year and its off to a solid start, up by +238. Some interesting stats coming through with some large licensee owners holding onto the top three spots for total growth, followed by two relatively new firms who have benefited from InterPrac’s demise.
In addition we have seen 20 new licensees and seven ceased - So large groups doing well but new new licensees still growing. It will be interesting to how all of this works out during the year.
. Large licensee owners off to a solid start for the new financial year
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The Australian Financial Adviser Market 2026 is Padua's data-driven read on the state of the profession. Drawing on the ASIC Financial Adviser Register and adviser exam data, it maps six forces behind a market that has stopped shrinking but is far from recovered: 15,012 advisers, ageing fast, against 3.6 million Australians who need advice. The conclusion is a shift in the question itself, from how to grow the workforce to how to get more from the one we have.
