Financial Adviser Market Insights, July 16, 2026
Adviser Numbers Increased by 27 for the week, moving from 15,023 to 15,050
The new financial year's momentum carried into a second straight solid week, with a net gain of 27 following last week's 39. Growth remained broad rather than concentrated, 43 licensee owners recorded net gains against just 17 with losses.
New entrants had another strong week following the Financial Adviser Exam results, at 21.
There was no single dominant mover this week: Gill and Co continued its steady year long climb, while Sequoia's long decline slowed to just two.
A total of 70 advisers were affected by appointments and/or resignations this week, including the 21 new entrants to the register.
This week we also look at the ‘Registration Status’ of financial advisers. Being registered with ASIC has been a requirement for advisers since 2024, but not all advisers are registered and some licensees have no registered advisers. See more below.
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Key Adviser Movements for the Week
15,050 current advisers
Net change of advisers: +27
New Entrants: 21
New licensees commenced: 3
Licensees reduced to zero advisers: 0
43 licensee owners had net gains
17 licensee owners had net losses
Net Change Calendar 2026 YTD: (-5)
Net Change Financial Year 2026/27 YTD: +156
Net change last 12 months: (-283)
Growth - Licensee Owners
ASVW Holdings up by three, the week's largest single gain. All from RDC Advisors Pty Ltd
Four licensee owners up by two:
Australian Financial Planning Group with one from CPW Advisory Pty and the other currently still showing as being authorised at Praescius Financial Holdings
AD Financial Services - both advisers returning to the same licensee after a break of several months
Findex Group with one new entrant and one advisers coming across from Industry Fund Services
Phillip Alexander (Gill and Co), both advisers moving across from InterPrac. Gill and Co now at 33 advisers and extending the strongest run of the past year.
A broad tail of licensee owners up by net one each including Bell Financial Group, Centrepoint Group and Beryllium Advisers reflecting the wide spread of this week's new entrants across the market.
Three new licensees commenced during the week, each a single adviser AFSL.
Losses - Licensee Owners
Sequoia Group down by two, with both departing advisers moving to Gill and Co Advisory (see Growth).
ART Group Services and Clime Investment Management each down by two, with none of the departing advisers yet reappointed.
A tail of just 14 licensee owners down by one including Count Limited down by one (not yet reappointed), and Entireti & Akumin Group down by one on net, one of its departures leaving to establish one of the week's new licensees
ASIC Registration Status of Financial Advisers
Since February 2024 all financial advisers must be registered with ASIC. Only Provisional Financial Advisers cannot be registered. ASIC’s Moneysmart Financial Adviser Register (FAR - For Consumers), states an adviser must be registered with ASIC to give personal financial advice to retail clients.
Although not registered, the financial adviser details appear in full and are shown as “Current” on the Moneysmart site. Arguably, very confusing to the consumer
Our analysis found 54 advisers listed as Current on the FAR who are not registered with ASIC. Of these, five are authorised twice. Also, 11 licensees have no registered advisers.
Some cases may be legitimate. We checked a few affected advisers and their websites show they provide personal financial advice, suggesting they are not aware of their obligations or simple errors causing non‑registration.
For clarity, we report all advisers shown as Current, regardless of registration status.
