Financial Adviser Market Insights, June 26, 2025
Adviser Numbers Decreased By (-56) For The Week, Moving From 15,544 To 15,488
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The losses keep coming as we get closer to June 30. This week, net loss was (-56), taking the losses for the last two weeks to (-97). The number of advisers dipped below 15,500 to be at 15,488.
As expected, no new licensees, and three ceased. Four new entrants (advisers) commenced.
The growth for Financial Year To Date is at +143, Calendar Year To Date +12, and the last 12 months (-57).
So far for June 2025, 140 advisers have resigned and not been reappointed.
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Key Adviser Movements For This Period
Net change of advisers (-56)
Current number of advisers at 15,488
Net Change Calendar 2025 YTD +12
Net Change Financial YTD +143
12 Licensee Owners had net gains of 13 advisers
38 Licensee Owners had net losses for (-70) advisers
Zero new licensees and three ceased
Four new entrants
Number of advisers active in this period, appointed / resigned: 93.
Growth - Licensee Owners
Centrepoint Group, up by two, with advisers switching from Akumin, part of the Entireti & Akumin Group.
11 licensee owners grew by one including NAB Group, Infocus and Solomons Wealth Management.
Of interest - Australian Retirement Trust (ART Group) have continued to authorise advisers to work across both of their licensees, these being Sunsuper and QInvest. As a result, Sunsuper gained 10 advisers this week on top of the 25 last week. However, net change at ART Group is zero.
Losses - Licensee Owners
Note: Unless otherwise stated, the advisers contributing to the losses have not been appointed elsewhere to date.
Count Limited down by (-14), with seven of those losses at Merit Wealth which provides mostly limited advice. Merit Wealth currently have 64 advisers and have lost (-53) for the current financial year to date. Count Limited also lost four at Count Financial, two at Paragem and one at GPS Wealth.
Four licensee owners down by net four each:
Entireti & Akumin Group with two joining Centrepoint Group from Akumin, and losing one adviser each at Charter and Fortnum.
Jason Valentine Davis (Avana Financial Solutions), four adviser losses
Lifespan lost six advisers and gained two. One adviser coming back after a break and another gained from Capstone.
Rhombus losing two at RI Advice and two at Consultum
Arthur J Gallagher & Co (Gallagher Benefit Services) down by three
Five licensee owners down by two
Capstone with one adviser joining Lifespan
Fiducian
Picture Wealth
Pilot Wealth
Wealth Services Partners
A long tail of 27 licensee owners down by net one including Shaw and Partners, Macquarie Group and HNW Group Holdings. The three licensees that ceased all only had the one adviser.
