Financial Adviser Market Insights, May 7, 2026
Adviser Numbers Increased by 25 for the week moving from 15,143 to 15,168
A solid week for the financial adviser market with a net gain of 25 advisers on the ASIC Financial Adviser Register (FAR). The third highest gain of the year. Nine new licensees commenced and three ceased. A total of 103 advisers were affected by appointments and/or resignations this week.
The market continues to see the ongoing impact of the March Financial Adviser Exam results, with new entrants continuing to bolster numbers. The InterPrac sale / no sale by Sequoia also continues to drive ongoing movement across the market.
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Key Adviser Movements for the Week
15,168 current advisers
Net change of advisers +25
New Entrants 19
49 licensee owners had net gains
26 licensee owners had net losses
9 new licensees and 3 ceased
Net Change Calendar 2026 YTD: +114(at the same date last year it was +119)
Net Change Financial Year 2025/26 YTD: (-1)
Net change last 12 months: (-424)
Growth – Licensee Owners
The week saw broad-based growth across a range of licensee owners, with several notable movers:
AvalonFS up by four, with two advisers switching from InterPrac (Sequoia), one returning after a short break and one switching from Mawson Wealth.
A new licensee (details given to members) up by three, with three advisers transitioning from Investors Direct Financial Group
Industry Super Holdings up by three, including one adviser recommencing after a short break.
Macquarie Group up by three, all three being new entrants to the ASIC FAR.
Ord Minnett Group up by three, all new advisers
Lifespan up by three, with one adviser switching from Findex Group, one from InterPrac and one from Consultum (Rhombus).
A new licensee commenced with two advisers who were previously at Finchley & Kent.
WT Financial Group up by two, with one adviser switching from InterPrac into Synchron Advice and one new entrant joining Millennium 3 Financial Services.
Morgans Group up by two, both new entrants.
Vivid Holdco (Viridian) up by two, both recommencing after a break from advice
A tail of 38 licensee owners up by net one each, including Insignia Group, Bell Financial Group and Spark Partnership Group.
Losses – Licensee Owners
Sequoia Group down by seven, continuing the InterPrac rundown. Most departing advisers have found new homes including AvalonFS and WT Financial Group, while others are yet to be reappointed. Sequoia's ongoing losses remain the most significant of any licensee owner in the market.
Count Limited down by three, losing five advisers and gaining two. Of the five that left only one has been appointed elsewhere. Of the gains, one was appointed from APT Wealth and one from Alliance Wealth.
Investors Direct Financial Group down by three, with all three advisers transitioning to the new licensee.
Finchley & Kent down by two, with both advisers departing to commence with Boz Cue Pty Ltd — a new licensee.
Jesse Edward Franks (Focused Financial Advice) down by two, with one adviser joining Centrepoint Group and one not yet reappointed.
Oreon Financial Planning down by two, with both advisers moving to RI Advice Group (Rhombus).
Results Financial Services down by two, both advisers joining Ropan Licensees.
A tail of 19 licensee owners down by net one each, including Entireti & Akumin Group, Centrepoint Group and Picture Wealth Group.
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