Financial Adviser Market Insights, December 18, 2025
Adviser Numbers Decreased By 58 For The Week, Moving From 15,432 To 15,373
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Financial adviser numbers fell by 58 net, even though 25 new advisers joined the ASIC Financial Adviser Register — meaning 83 more experienced advisers left. Three licensees started and six ceased.
It was a busy week of change with a total of 193 advisers affected by appointments / resignations. Much greater that a typical week which is normally in the range of 60 to 80.
As discussed previously, there is an expectation of significant losses as we move in 2026. This will be our last weekly update for 2025 and we recommence the updates from January 8, 2026. We expect the reporting to start showing steep losses from Jan 8 and will progress through January until everyone returns to the office, typically after Australia Day.
SMSF Statistics for September 2025 - The updated SMSF data from the ATO highlight a record quarter for SMSF establishments.
First Month Now Only $39.00 Selecting 'YEARLY' cost is only $950
Key Adviser Movements For This Period
Net change of advisers (-58)
Current number of advisers 15,373
Net Change Calendar 2025 YTD (-99)
Net change 2025 YTD of +93 when excluding licensees that provide mostly limited SMSF advice
Net Change Financial YTD (2025/26) +202
Net change Financial YTD +256 when excluding licensees that provide mostly limited SMSF advice
43 Licensee Owners had net gains of 57 advisers
66 Licensee Owners had net losses for (-107) advisers
3 new licensees (1 recommenced), and 6 ceased
25 new entrants
193 advisers affected by appointments / resignations
Growth - Licensee Owners
Three licensee owners up by net three each:
Partners Wealth Group, two advisers switching from Fourthree Pty Ltd and one new entrant
Centrepoint Group, with one new entrant and an adviser each from Interprac and Australia National Investment Group
Centaur Gold Coast (Abundant Wealth Partners), all three advisers were authorised to Focused Financial Advice, AFSL Num 286219 which was suspended by ASIC on November 28, 2025.
Eight groups up by two each
United Super, both advisers coming back into advice after long breaks
Thi Quynh Trang Nguyen (Consilium Advice Pty Ltd), while showing up by two advisers, one adviser was ceased only to return after a few days. The other adviser switched from Fintegrity Wealth Advisers
Modoras Pty Ltd, both being new entrants
Jedi Ventures (Gatekeeper 77), both advisers are still authorised at Finstyle Planning Solutions
FSSSP Financial (Aware Super), one coming back into advice after a gap of a few years and the other also back in advice after a gap of several months
Brian Trevor Sellick (IWM Advisors), one new entrant and the other still showing as being authorised at Sentry Advice. There appears to have been some backdating of adviser details
BDO Private Wealth, both new entrants
ANZ Banking Group, both advisers coming back into advice after long breaks.
A long tail of 32 licensee owners up by net one each including all three new licensees, plus Insignia Group, Guideway and Bell Financial.
Losses - Licensee Owners
NTAA (SMSF Advisers Network) down by 19, losing 21 advisers, not appointed elsewhere and re hiring two advisers who had breaks of several months
Count Limited down by six, losing three advisers each at Count Financial and Merit Wealth. GPS Wealth appointed two advisers and also had two resign. None of the advisers who resigned from the Count licensees have been appointed elsewhere to date.
Entireti & Akumin Group down by 5, with three appointments including one new entrant and eight losses. Of the eight losses only one has been appointed elsewhere to date.
Three groups down by three each:
Morgans Group with four resignations, not appointed elsewhere and one new entrant appointed
MWL Group (MW Planning) who had their AFSL suspended by ASIC on December 11, 2025
Robert Negri (Wisdom Wealth), all three not appointed elsewhere
Eight licensee owners down by two each including, Fiducian, Lifespan and Sequoia
A very long tail of 52 licensee owners down by net one each including Rhombus, WT Financial Group and WT Financial Group.
