Financial Adviser Market Insights, May 1, 2025
Adviser Numbers Increased By +5 For The Week, Moving From 15,611 To 15,616
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A slower week than expected after the Easter break. Number of advisers increased by net five, despite 10 new entrants (new advisers) commencing on the ASIC Financial Adviser Register (FAR). Only the one new licensee and a total of just 49 advisers affected.
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Key Adviser Movements For This Period
Net change of advisers +5
Current number of advisers at 15,616
Net Change Calendar 2025 YTD +140
Net Change Financial YTD +272
23 Licensee Owners had net gains of 28 advisers
17 Licensee Owners had net losses for (-22) advisers
One new licensee and zero ceased
10 New entrants
Number of advisers active in this period, appointed / resigned: 49.
Growth - Licensee Owners
Five licensee owners up by plus two:
Templestone Financial Services, with one adviser from Charter, now part of Entireti & Akumin Group and one from Bridges owned by Insignia
Perpetual Group with one adviser coming back into advice after two years break and another from Interprac owned by Sequoia
Oreana with one adviser coming back after eight months away from advice and another from Steadfast Life
Lee Anthony Clarke (Archer Private Wealth), both being new entrants
Avalaon FS with both advisers switching across from Millennium 3 owned by WT Financial Group
18 licensees owners up by plus one including Sequoia, Morgans Group, Elston and the one new licensee.
Losses - Licensee Owners
Count Limited down by three, one adviser commencing their own licensee and the remaining two not yet appointed elsewhere
Three licensee owners down by two:
Entireti & Akumin Group losing one adviser each from Akumin and Charter and both are yet to be appointed elsewhere
Fitzpatricks and both advisers yet to be appointed elsewhere
WT Financial Group both advisers switching to Avalon FS as mentioned above.
A tail of 13 licensee owners down by net one each including; Evans Dixon, FMD Financial Group and insignia.
Financial Adviser Landscape Presentation + Wrexham FC - Now Promoted!
In March, at the Financial Newswire event 'Advice, Wealth and Super Rewired', I talked about the Financial Adviser Landscape, including:
🔹 Adviser movement – Historical and current growth at the licensee level
🔹 New advisers and annual changes
🔹 Micro AFSLs disrupting the market
🔹 Analysis of the wealth market using listed participants stock price movements to identify winners and losers in recent years
🔹 Superannuation trends, suggesting it's an excellent time to be a financial adviser
🔹 And for something completely different, a brief look at Wrexham FC's turnaround under Hollywood management - changes both on and off the field ⚽ Note: set to be touring Australia in July and the first team to be promoted up the divisions of the English Football League three years in a row.
The presentation is now in our store and available for free.
