Financial Adviser Market Insights, March 5, 2026
Adviser Numbers Decreased by Five for the week moving from 15,140 To 15,135
The net change in financial advisers decreased by five for the week. In a busy week, eleven new entrants came onto the ASIC Financial Adviser Register (FAR), four new licensees commenced and six licensees ceased.
A total of 101 advisers affected by appointments and or resignations. The number of advisers who have resigned since December 1, 2025 and not current on the FAR jumped by 20, to now be at 556.
Interesting to note that five advisers who resigned, were backdated to Dec 31, 2025, and linked to licensees that ceased this week.
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Key Adviser Movements for the week
15,135 current advisers
Net change of advisers (-5)
35 licensee owners had net gains of 43 advisers
34 licensee owners had net losses of (-48) advisers
4 new licensees and 6 ceased
11 new entrants
101 advisers affected by appointments / resignations.
Other key dates affected by this week’s data
Net Change Calendar 2026 YTD +72* (rose this week due to some adviser resignations being backdated to 2025)
Net Change Financial YTD (2025/26) (-36)
Net change last 12 months (-429).
Growth - Licensee Owners
Beryllium Advisers up by three, with two advisers switching from Consultum Financial Advisers owned by Rhombus and one adviser switching from Mainview Securities
Six licensee owners up by net two:
Superannuation and Investments FINCO Pty Ltd (CFS Advice Services), one adviser switching from First Financial and one coming back onto the FAR after a break of several months
Steven Barclay (Financial Planning Advice Australia Pty Ltd), both switching from Customised Financial which ceased (down to zero advisers)
Count Limited with two new entrants
New Licensee (details given to members)
Bombora Advice with one adviser switching from Findex and the other from Interprac owned by Sequoia
ASVW Holdings with both advisers switching from Money Options which moved to zero advisers, noted last week.
A total of 26 licensee owners up by net one including: Shaw and Partners, Morgans Group and Lifespan. The remaining thee new licenses started with one adviser each.
Losses - Licensee Owners
Sequoia down by eight again, the same as last week. Of the eight, five have been appointed elsewhere including a new licensee, Finchley and Kent, Bombora, Lifespan and Australian Mortgage And Financial Advisers Pty Ltd. Sequoia are now down to 234 advisers after starting the year with 282 advisers a net loss of 48 advisers and down by 73 advisers over six months.
Centrepoint Group down by three
Five license owners down by net two each:
Customised Financial (down to zero advisers), noted above switching to Financial Planning Advice Australia Pty Ltd
Entireti & Akumin Group losing four adviser and gaining two
Ord Minnett Group with both advisers not appointed elsewhere to date
Rhombus having a busy week picking up four advisers including two new entrants and losing six
Trustee Cornerstone Wealth with advisers commencing their own AFSL.
A tail of 21 licensee owners down by net one each including Findex Group, Insignia Group and Apex Macro Financial Group. The five remaining ceased licensees, all only had one adviser each that resigned this week.
