Financial Adviser Market Insights, November 27, 2025
Adviser Numbers Increased By +1 For The Week, Moving From 15,458 To 15,459
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Over the week, the net number of financial advisers only increased by one, this is despite 10 new entrants commencing. This highlights that a net nine experienced advisers ceased. Two new licensees commenced and none ceased. A total of just 54 advisers affected by resignations / appointments.
For a second week in a row, not one licensee owner increased by more than one adviser.
Is this the calm before the storm? The last few his weeks of reporting has shown the adviser market to be relatively flat with just a few key movements per week. We all know this will soon change as we head into the last month of the calendar year and start 2026 with new education requirements for advisers.
We have written an updated post using additional data from ASIC with regards to the Experienced Pathway and 2026 qualifications. Indications are that a large number of advisers will exit - see below for the link and further details.
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Key Adviser Movements For This Period
Net change of advisers +1
Current number of advisers 15,459
Net Change Calendar 2025 YTD (-12)
Net change 2025 YTD of +143 when excluding licensees that provide mostly limited SMSF advice
Net Change Financial YTD (2025/26) +289
Net change Financial YTD +306 when excluding licensees that provide mostly limited SMSF advice
27 Licensee Owners had net gains of 27 advisers
19 Licensee Owners had net losses for (-25) advisers
2 new licensees, and none ceased
10 new entrants
Growth - Licensee Owners
All Licensee Owners that gained advisers increased by just one, including Spark Partnership Group, Shartru and Rhombus. Both new licenses commenced with one adviser each.
Centrepoint, currently the third largest advice group, also added one new adviser (a new entrant) and are now at 587 advisers, just two behind Count Limited with 589. Entireti & Akumin Group are at 1,104 advisers.
Losses - Licensee Owners
Sequoia Group down by three, one commencing their own licensee, the remaining two advisers yet to be appointed elsewhere
Four licensee owners down by two each:
Capstone Financial, both advisers not appointed elsewhere to date
Cobalt Advisers, one switching to RI Advice owned by Rhombus, the other not appointed elsewhere
GPG Unit Pty Ltd (Godfrey Pembroke), both advisers switching to Findex
River X, one switching to Advisory Circle Pty Ltd and the other yet to be appointed elsewhere.
A short tail of 14 licensee owners down by net one each including Entireti & Akumin Group, Finchley and Kent, and Shaw and Partners.
Calm before the storm - Analysis of ASIC Experienced Pathway and Qualifications Update
ASIC recently released another one-time extract of the FAR, showing how many advisers plan to use the EP and details on adviser qualifications needed for 2026. We have analysed this data and provided an indication has to how many advisers might stay on the FAR in Jan 2026. Details in the link below.
