Financial Adviser Market Insights, February 27, 2025
Adviser Numbers Increased By 6 For The Week, Moving From 15,565 To 15,571
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The year 2025 continues to show strong growth, with an increase of six this week, bringing total growth to 97 so far. There were no new licensees this week, but one ceased. Nine new entrants started, making a total of 90 this year - See More below.
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Key Adviser Movements For This Period
Net change of advisers +6
Current number of advisers at 15,571
Net Change Calendar 2025 YTD +97
Net Change Financial YTD +228
23 Licensee Owners had net gains of 25 advisers
16 Licensee Owners had net losses for (-18) advisers
Zero new licensees commenced and 1 ceased
9 New entrants
Number of advisers active in this period, appointed / resigned: 54.
Growth - Licensee Owners
Lifespan captured three advisers from Watershed Dealer Services owned by RNB Group. This takes Lifespan’s total number of advisers to a nice round 300, a gain of 10 for the calendar year
20 licensee owners up by net one each including Spark Partnership Group, (who are now up by six for the year), Perpetual and Morgans.
Losses - Licensee Owners
RNB Group (Watershed Dealer Services) as advisers switch to Lifespan
15 licensee owners down by net one each including Fitzpatricks, Insignia and Infocus.
The Surge Of New Entrants
As of this calendar year, the number of financial advisers on the ASIC Financial Adviser Register has increased by 97. This rise is mainly due to 90 new advisers who are new entrants, defined as those starting their first date on the FAR.
The chart below, from Dashboard 12 of Licensee Deep Dive Set, shows these 90 new entrants by business model. Among them, 60 are in our Financial Planning model, making up 0.57% of advisers in that category. There are 22 in the Investment Advice model, representing 0.75% of those advisers. In the Super Funds model, there is just one new entrant.
The chart also displays the number of Provisional Advisers, currently at 444, which aligns with the proportion of new entrants across the models. Typically, a Provisional Adviser is serving time in their professional year.
New Entrants, % of New Entrants To Current Advisers and Provisional Advisers.
At the licensee owner level, Entireti leads the way with 11 new entrants followed by Ord Minnett, Morgan Stanley and Count, all with four each.
Licensee Owners with two or more new entrants during 2025 YTD
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