Financial Adviser Market Insights, May 22, 2025
Adviser Numbers Increased By 12 For The Week, Moving From 15,589 To 15,601
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This week saw a gain of 12 financial advisers, reversing recent losses. There are two new licensees, but one is just a transfer from one to another by the same owner. Seven new advisers started, bringing the total to 64 advisers impacted.
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Key Adviser Movements For This Period
Net change of advisers +12
Current number of advisers at 15,601
Net Change Calendar 2025 YTD +123
Net Change Financial YTD +256
26 Licensee Owners had net gains of 29 advisers
16 Licensee Owners had net losses for (-23) advisers
Two new licensees and one ceased
Seven New entrants
Number of advisers active in this period, appointed / resigned: 64.
Growth - Licensee Owners
Three licensee owners up by two advisers each:
Licensee owner Troy Daniel Mahoney (Australia National Investment Group), both advisers switching across from Morgans
A new licensee commenced with two advisers. Both advisers switching from Exelsuper Advice
FSSSP Financial Services (Aware Super), one adviser each from Finex Wealth and Guideway Financial Services.
23 licensees owners up by plus one including Picture Wealth, Findex and Beryllium Advisers.
Losses - Licensee Owners
Entireti & Akumin Group down by six, with five advisers having moved during March and April this year to PSK Advisory Services.
Centrepoint down by two and neither adviser is yet to be appointed elsewhere
Count Limited also down by two, one each from Count and Merit Wealth and neither have been appointed elsewhere,
A tail of just 13 licensee owners down by net one each including Lifespan, Morgan Stanley and Sequoia.
SMSF Statistics - Updated To March 2025
ATO released the latest quarterly SMSF statistics this week. We have updated our dashboards for members.
The data shows that the number of new SMSFs keeps powering ahead with a record March quarter. Despite this, net assets dropped again, most likely driven by the volatile investment markets. The opportunity for advisers in this market continues to grow.
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