Financial Adviser Market Insights, June 12, 2025
Adviser Numbers Decreased By (-7) For The Week, Moving From 15,592 To 15,585
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A relatively quiet week with adviser numbers down by seven. Four new licensees commenced, all with just the one adviser. Three licensees ceased and five new entrants (advisers) appeared on the ASIC FAR for the first time.
We are getting close to the end of the financial year, which is traditionally the most volatile of times, we look at what could be in store for the adviser market over the next few weeks.
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Key Adviser Movements For This Period
Net change of advisers (-7)
Current number of advisers at 15,585
Net Change Calendar 2025 YTD +107
Net Change Financial YTD +240
17 Licensee Owners had net gains of 18 advisers
21 Licensee Owners had net losses for (-27) advisers
Four new licensees and three ceased
Five new entrants
Number of advisers active in this period, appointed / resigned: 55.
Growth - Licensee Owners
Morgans Group up by two advisers, one being a new entrant the other moving across from QInvest, owned by Australian Retirement Trust
16 licensees owners up by plus one, this included all four new licensees, Lifespan and Oreana.
Losses - Licensee Owners
The Trustee For GWK (Williams Halll Chadwick Licensing) down by four. None showing as being appointed elsewhere. This licensee generally provided limited SMSF advice and now has zero advisers
Financial Services Group Australia - down by two and also down to zero advisers. Both advisers not appointed elsewhere. This licensee has now lost all 12 advisers during this calendar year.
Insignia also down by two - both from Bridges. One has been appointed at Lifespan and the other is yet to be appointed.
Pilat Investments also down by two, both advisers moving to a new licensee that commenced earlier this year.
17 licensee owners down by net one each including Findex Group, Sequoia and Viridian.
Will we end the financial year with positive adviser growth?
Probably, but it is not certain! To put that into perspective, from Jun 15, 2024 to June 30, 2024, i.e. the last two weeks of June 2024, net number of advisers dropped by (-248). (See Chart below - Last two weeks of June 2024).
For the previous period in 2023, the numbers dropped by (-225). Currently, financial year to date is up +240, so it is not impossible that the gains so far could be wiped out by June 30.
. The last two weeks of June 2024
Irrespective as to what happens in the last two weeks of June, I expect the new financial year to start strong. As mentioned above, many of the advisers that resign in the last two weeks of June will reappear in July. To put that into perspective, in the first two weeks of July 2024, the net number of advisers jumped by 123 representing almost half of the losses in the last two weeks of June.
Another boost for this July, is that the June Financial Adviser Exam has just been completed, and the results will come out in early July. This will see a boost of new entrants (advisers) coming onto the ASIC FAR.
