Number of Advisers decreased by (-5) from 16,437 to 16,432

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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.

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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).

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