Number of Advisers decreased by (-24) from 17,197 to 17,173

Click Here To Access Basic / Free Adviser Dashboard

New Dashboards For Members
We have now introduced new dashboards along with Adviser and AFSL Databases that are available to Wealth Data Members - Click Here For Membership Information - Information includes short videos highlighting the range of Adviser and Licensee Dashboards (charts and tables) and how to quickly search the Databases at the Members Lounge. Dashboards and databases now have links to licensee websites.

We now only have limited ‘free’ data on our website.

Key Movements This Week:

• Net Change of advisers (-24)

• 38 Licensee Owners had net gains for 51 advisers

• 41 Licensee Owners had net losses for (-74) advisers

• 8 new licensees commenced and (-7) ceased.

• 9 Provisional Advisers (PA) commenced and 2 ceased.

Note: Our Members Lounge - Includes a dashboard that shows by name, each adviser joining, switching and leaving a licensee for the past week - Simply sign in, click on the Licensee Deep Dive Workbook - Dashboard 7, Weekly Change Adviser Names.

Growth This Week
A busy week with 8 new licensees for 14 advisers (details provided to members), while 7 licensees closed. A good week for Provisional Advisers, 9 being appointed. Outside of the new licensees, Diverger grew by 3 advisers, the net growth was at GPS who picked up 2 advisers from Shartru and 1 Provisional Adviser, while Paragem lost and gained 1 adviser.

7 licensee owners had net growth of 2 including Picture Wealth with one adviser from Euroz and the other from Eastwoods Wealth Management. Oreana back into growth mode also growing by 2, with 1 adviser from Hillross and starting a new Provisional Adviser.

28 licensees had growth of net 1 including Steinhardt Holdings (Infocus), Shartru, Perpetual and HESTA.

The number of new licensees YTD is now at 50 for the year to date, while 45 closed, net growth of only 5. However, the Financial Planning peer group has commenced 46 licensees and lost 17, net growth of 28.

Losses This Week
Losses this week dominated by the two largest groups Insignia and AMP. Insignia having a busy week, appointing 3 and losing 13 for a net loss of (-10). Of the losses, only 3 have been reappointed, all under a new licensee. AMP also had a busy week, 4 appointments and 12 resignations giving a net loss of (-8). Some switching internally at AMP and Hillross losing the most at (-6), all reappointed elsewhere.

Count had its first negative week in a while, down (-4), gaining 1 adviser and losing 5, none of the 5 appointed elsewhere. TAL (Affinia) also losing (-4) and again, none reappointed elsewhere. Two groups down (-3), CBA and Independent Financial Advisers Australia. 7 licensee owners down (-2) including Fortnum, FSSP (Aware Super) and Hood Sweeney.

Year To Date Data - Detailed Information At The Members Lounge Fast Facts Page
Count still lead the way despite losses this week with a YTD net gain of 27. Diverger leap into second spot at 13 followed by Castleguard (Lifespan) 12.

As for losses, Insignia lead the way at (-61), AMP Group at (-38), Craigs Investment at (-36) and WT Financial Group at (-30).

Licensee Website Links Now Added Dashboards (Fast Facts)
Following on from last week when we added website links for licensees on our searchable databases, we have now added a similar feature on our dashboards. When viewing the Fast Facts dashboard, you can simply ‘click’ on a licensee or licensee owner that is of interest to you and click through to their website. See the short 30 second video below for a quick demo.

The Members Lounge offers access to our searchable Licensee and Adviser databases. We have now added the ‘Licensee Website Link’ for most licensees. This is great is you are seeking a low cost option to find contact details and location of licensees, particularly the self licensed group which are fast growing in numbers.

The AFSL Database allows you to filter the database to better target your market and has quick links to show the advisers and their detailed information including product authorisations, qualifications and their history across licensees.

Have a great week