Financial Adviser Market Insights, December 11, 2025
Adviser Numbers Increased By +5 For The Week, Moving From 15,427 To 15,432
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The week saw a positive gain of five advisers, driven by 14 new entrants that appeared on the ASIC Financial Adviser Register, following the Financial Adviser Exam results being released late last week (see more below).
Four new licenses commenced, albeit two recommencing. Two licensees ceased.
It was a busy week of change with a total of 103 advisers affected by appointments / resignations.
Financial Adviser Exam Analysis - ASIC released the results for the November sitting of the exam. We have analysed the results and included a year on year comparison. In summary, the data shows that it was a strong sitting in terms of candidates and passes. However, 2025 as fallen short in total numbers compared to 2024. - Financial Adviser Exam Analysis
First Month Now Only $39.00 Selecting 'YEARLY' cost is only $950
Key Adviser Movements For This Period
Net change of advisers +5
Current number of advisers 15,432
Net Change Calendar 2025 YTD (-41)
Net change 2025 YTD of +127 when excluding licensees that provide mostly limited SMSF advice
Net Change Financial YTD (2025/26) +260
Net change Financial YTD +290 when excluding licensees that provide mostly limited SMSF advice
45 Licensee Owners had net gains of 55 advisers
30 Licensee Owners had net losses for (-46) advisers
4 new licensees (2 recommenced), and 2 ceased
14 new entrants
103 advisers affected by appointments / resignations
Growth - Licensee Owners
Bentleys Financial Services (NSW) up by three, all three advisers are currently also authorised as First Financial Pty Ltd owned by Janus Financial Pty Ltd
Eight licensee owners up by net two which included two new licensees:
Stonehouse Partners with both advisers switching from Hillross, owned by Entireti & Akumin Group
Solomons Wealth, both advisers being new entrants
Pitcher Partners, both advisers being new entrants
Gary Hasler, both advisers being new entrants
Banister Consulting (Sira Group), both switching from Banyan Securities
Australian Financial Planning Group, both switching from Century Advisory Services
New licensee with advisers leaving Interprac owned by Sequoia
New licensee - This licensee recommenced after ceasing in 2022 and the same advisers have returned.
A long tail of 36 licensee owners up by net one each including Morgans Group, Evans Dixonand the two remaining new licensees.
Losses - Licensee Owners
NTAA (SMSF Advisers Network) down by seven, none appointed elsewhere
Three licensee owners down by three:
Century Advisory Services down by three and down to zero advisers. Two advisers moving to Australian Financial Planning Group (noted above) and the other is yet to be appointed elsewhere
Count Limited down by three, losing five advisers, three at Count Financial and one each at Paragem and GPS Wealth. Appointing one adviser each at Count Financial and GPS Wealth, both advisers coming back into advice after a break.
Entireti and Akumin Group also down by three, as mentioned above, losing two at Hillross to Stonehouse Partners, one adviser ceased at Akumin who has not been appointed elsewhere
Four licensee owners down by two:
Maura McCabe (Banyan Securities), both joining Bannister Consulting (Sira Group),
Rawlings Bolton (Bentleys (QLD) Advisory Pty), both advisers not appointed elsewhere
Sequoia Group, as mentioned above, both advisers commencing their own licensee
WT Financial Group, one switching to Beryllium Advisers and the other is is yet to be appointed elsewhere.
A tail of 22 licensee owners down by net one each including Centrepoint Group, Lifespan and FMD Financial.
