Number of Advisers decreased by (-8) from 16,408 to 16,400

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Key Adviser Movements This Week:

• Net Change of advisers (-8)

• 20 Licensee Owners had net gains for 28 advisers

• 22 Licensee Owners had net losses for (-34) advisers

• 1 new licensees commenced and (-1) ceased

• 4 Provisional Advisers (PA) commenced and zero ceased.

Note: Our Members Lounge - Covers all movement and very detailed reports for all licensees and advisers.

Summary
A slower week with a net decline of 8 advisers. The financial year still looks strong at plus 150 compared to 82 for the corresponding period last year.

Growth This Week
Ethical Planners Pty Ltd, up plus 4 with three advisers moving across from National Advice Solutions. BLA Parker (Barnett Lilley) of ACT up plus 3 with Advisers who are still showing as authorised at Parker Wealth. 3 licensee owners are up net 2, Viridian, Bombora and Gary Thoroughgood (Vision Planning), with Vision Planning gaining their advisers from MCA Financial Planners.

15 licensee owners had net gain of 1 including WT Financial Group, Highfield Group, Capstone and Australian Unity. 1 new licensee commenced with just the one adviser.

Losses This week
Findex Group down (-4), losing 5 and gaining 1. Gail Glasby (National Advice Solutions) also down (-4) with three advisers moving to Ethical Planners (as noted above). Oracle Investment Management down (-3) and 4 licensee owners down (-2) including Insignia, Shaw and Partners and Telstra. 15 licensee owners down (-1) including Sequoia, ANZ Bank, Euroz, Fiducian and Unisuper. Th one licensee that closed only had the one adviser.

Gains and Losses - Multiple Dates
We have added a new dashboard that will show the net change of advisers for both licensee owners and individual licensees over 1, 3 and 6 months, plus 1 and 2 years. The time frames are linked to the latest ASIC Data release. Therefore, 1 year covers the last year to Aug 11, 2022.

We have added this dashboard as we generally focus on calendar and financial years. However, they can be misleading timeframes as so much movement over recent times have revolved around Dec 31 (FASEA Exam requirements) and June 30 / July 1 which sees a lot of advisers switch licensees to coincide with the financial year.

Members can access this dashboard under Fast Facts - Dashboard 2B Fast Multi Date View.
The data can be filtered in different ways as can the columns. The image below highlights the column filtered from biggest to smallest by Licensee Owner size (See video demo below for filter details). It shows that Insignia have the largest number of advisers authorised under their collective licensees. Over 1 month, they are down -14, over 3 months -49 through to -715 over 2 years. Looking at the 2 year mark, few of the large licensee owners are positive, with Count up 21 and Capstone at 15.

When sorted by 1 year, (Not shown) AIA is out in from at 49 followed by Count at 32, ASVW Holdings at 22 and Oreana at 16.

Below is a short video highlighting the dashboard in use

Have a great week and checkout the

Members Lounge - Click on box below