Financial Adviser Market Insights, January 29, 2026
Adviser Numbers Increased by Two for the week moving from 15,136 to 15,138
The net change of financial advisers for the week increased by two. There were six new entrants, down from recent weeks but taking the total to 37 for the new year.
Two new licensees this week and one ceased.
The total number of advisers who have ceased since December 1, 2025 to today, increased from 468 to 477.
Only 59 advisers affected by change this week, indicating that movement has steadied as everyone returns to work.
Tracking Experienced Pathway and Qualifications - Based on the latest weekly ASIC ‘point-in-time’ data dated January 22, 2026 (designed specifically to track Experienced Pathway and qualifications), and cross referenced with today’s FAR highlights the following:
130 advisers (was 185 last week, so some licensees busy updating the FAR), have not flagged as either ‘Yes’ or ‘No’ to the Experienced Pathway (EP), still show as not having qualifications meeting the 2026 standards. Of the 130, 114 are advisers authorised in licensees of less than 10 advisers
69 of the 130 advisers above may be eligible for the EP
28 advisers have indicated they will not take up the EP but have no qualifications, was 36 advisers last week
66 advisers flagged for the EP took the FASEA exam after October 2022 and are therefore likely to be ineligible for the EP
The data is definitely being cleaned up each week, but a little more work needs to be done.
Members can track this data at dashboard 7B of the ‘Licensee Deep Dive’ set of dashboards.
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Key Adviser Movements for the week
15,138 current advisers
Net change of advisers +2
23 licensee owners had net gains of 29 advisers
17 licensee owners had net losses of (-27) advisers
2 new licensees and 1 ceased
6 new entrants
59 advisers affected by appointments / resignations
Other key dates affected by this week’s data
For calendar year 2025, total loss is currently showing (-394)
Net change of (-141) when excluding licensees that provide mostly limited SMSF advice
Net Change Calendar 2026 YTD +56*
Net Change Financial YTD (2025/26) (-33)
Net change of +79 when excluding licensees that provide mostly limited SMSF advice
*Note: Most losses backdated into 2025 and new appointments dated in 2026 hence a strong start to 2026.
Growth - Licensee Owners
A new licensee (details given to members) commenced with three advisers who were previously at Shartru Wealth
Four licensee owners up by two advisers each:
TMS Private Wealth with adviser switching from Canaccord Group
Centrepoint Group who also tipped over 600 advisers to be at 601, with one adviser each from Now Financial and FYG Planners
Advice Evolution with both advisers switching from Interprac, owned by Sequoia
Another new licensee with advisers also from Interprac
A total of 18 licensee owners up by net one including Nextplan Financial, ART(Australian Retirement Trust)Group and ASVW Holdings
Losses - Licensee Owners
Shartru Wealth down by five, with three joining a new licensee and two more resigning and yet neither has been appointed elsewhere
Cannaccord Group down by four, two joining TMS Private and two yet to be appointed elsewhere
Three licensee owners down by two each:
Hejaz Capital, neither appointed elsewhere
Capstone Financial, neither appointed elsewhere
Sequoia, both joining a new licensee
A short tail of just 12 licensee owners down by net one each including, Count Limited, SGN Financial and Templestone
