Financial Adviser Market Insights, June 11, 2026
Adviser Numbers Decreased by (-15) for the week, moving from 15,135 to 15,120
A quieter and more scattered week after last week's upheaval, with a net loss of 15 and no single dominant driver. This means that over the last tow weeks adviser numbers have dropped by 50, with last week showing a loss of 35. However, we do expect some of the losses to turn into gains as some of the advisers appear to be in transition to alternate licensees.
The standout moves were really two relocations: three advisers left Beryllium Advisers to launch a newly commenced licensee. and two of Sequoia's departing InterPrac advisers resurfaced at Phillip Alexanders’ Gill and Co Advisory, and has now become 2026's fastest growing licensee owner.
Macquarie and Rhombus each shed advisers without immediate reappointments, one licensee closed to zero, and new entrants slowed to just two after last week's run of eleven.
A total of 57 advisers were affected by appointments and/or resignations this week, including two new entrants to the register.
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Key Adviser Movements for the Week
15,120 current advisers
Net change of advisers: (-15)
New Entrants: 2
16 licensee owners had net gains
23 licensee owners had net losses
1 new licensee commenced - Details given to members
1 licensee reduced to zero advisers (Noble Rock Partners)
Net Change Calendar 2026 YTD: +66
Net Change Financial Year 2025/26 YTD: (-49)
Net change last 12 months: (-439)
Growth - Licensee Owners
New Licensee commenced with three — formed by advisers moving across together from Beryllium Advisers (see Losses)
Phillip Alexander (Gill and Co Advisory) up by two for the week, both joining from Sequoia's InterPrac Financial Planning licensee. That extends a standout run for the year: Gill and Co is now the fastest-growing licensee owner for 2026, up a net 17 advisers, with most having switched across from InterPrac.
A long tail of licensee owners up by net one each, including Findex Group, AvalonFS, Stanford Brown Group, Industry Super Holdings and GPG — the last two each taking one of the week's new entrants.
Losses - Licensee Owners
Macquarie Group down by four, with none of the departing advisers yet reappointed elsewhere.
Sequoia Group down by four, all from InterPrac Financial Planning. Two moved to Gill and Co Advisory (above), while the other two are not yet reappointed. Sequoia now sits at 148 advisers, continuing its slide from 282 at the start of the year.
Rhombus Enterprises down by three, none yet reappointed.
Beryllium Advisers down by three — all three departed to establish the new licensee
Centrepoint Group down by two.
Noble Rock Partners reduced to zero advisers.
A tail of licensee owners down by net one each, including Infocus Group, Lifespan and Mercer.
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