Weekly Financial Adviser Movement, July 28, 2022
Number of Advisers decreased by (-5) from 16,437 to 16,432
Click Here To Access Basic / Free Adviser Dashboard
Need More Data?
We have introduced new dashboards along with Adviser and AFSL Databases that are available to Wealth Data Members - Click Here For Membership Information
Key Adviser Movements This Week:
Net Change of advisers (-5)
23 Licensee Owners had net gains for 27 advisers
19 Licensee Owners had net losses for (-39) advisers
Zero new licensees commenced and (-3) ceased
5 Provisional Advisers (PA) commenced and 0 ceased.
Note: Our Members Lounge - Covers all movement and very detailed reports for all licensees and advisers.
Summary
The first negative week for the financial year. However, the net gain for the financial year is still solid at 174. It was a quiet week of adviser movement which is usual after the rush around the financial year.
Growth This Week
4 licensee owners up +2 including WT Financial Group and Sequoia. 19 licensee owners had net gain gains of 1 adviser each each including Telstra Super, Fiducian and Capstone.
Losses This week
AMP Group had another tough week, down (-11) with the net loss of (-6) advisers at Charter and (-5) at AMP Financial Planning. Centrepoint down (-5) and FSSSP (Aware Super down (-3). 4 licensee owners down (-2) including Insignia and Macquarie. A tail of 12 licensee owners down (-1).
Three licensees closed this week for the net loss of (-3) adviser roles.
Gains and Losses - Calendar Last 2 Months
Now that the effects of the financial year have rolled through, it is interesting to see how the licensee owners have faired over this period of time. Below is a table covering the period from June 1 to July 28. Steinhardt Holdings (Infocus) are up the most at 11 followed closely by Count at 10. AMP Group has had the largest loss at (-44) followed by ANZ Bank at (-35) and Insignia at (-33).
Movement of Advisers from June 1 2022 to July 28, 2022
Have a great week and checkout the
Members Lounge - Click on box below
