Number of Advisers decreased by (-2) from 17,251 to 17,249

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Key Movements This Week:

• Net Change of advisers (-2)

• 28 Licensee Owners had net gains for 44 advisers

• 41 Licensee Owners had net losses for (-50) advisers

• 4 new licensees commenced and (-1) closed

• 6 Provisional Advisers (PA) commenced and (-1) 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.

Summary
A relatively quiet week culminating in the loss of (-2) off the ASIC Financial Adviser Register. The financial planning peer group had a net gain of 7 advisers and all four new licensees belong to this peer group.

Growth This Week
A new licensee, Prosperity Wealth Advisory commenced with 7 advisers after leaving Hillross, part of AMP Group. Insignia was in the green this week with a net gain of 3. Hired 4 and lost 1 adviser to Count. Of the 4 gained, 3 were experienced advisers who had a gap between their previous roles and 1 is a new Provisional Adviser.

Count continue their growth with 3 advisers, 1 switching from Lonsdale and the other 2 being advisers who again had a gap between roles as an adviser. Spark Partnership group picked up 3 advisers, all ex CBA and HESTA also up 3.

Sequioa had a net growth of 2 and a new licensee kicked off with 2 advisers moving away from Australian Unity.

21 licensee owners had net gains of 1 adviser each including two more new licensees and the AMP Group.

Losses This Week
Escala saw their FAR related advisers drop by (-6). They may still be at Escala and simply no longer providing retail advice. 4 licensee owners lost a net (-2) advisers including Australian Unity, Fiducian and The Loan Market group who continue to run down their adviser team.

A very long tail this week with 36 firms losing a net (-1) adviser, including one licensee effectively closing (zero advisers).

Year To Date Data - Detailed Information At The Members Lounge
For licensee owners that have 20 or more advisers, Count pushes further ahead and are now up 28 for the year. Castleguard (Lifespan) remain steady at 13. PSK at 12 and Diverger at 11. Steinhardt (Infocus) make up the top 5 with a gain of 7 advisers.

As for losses, Insignia lead the way down (-44). A large gap to AMP down at (-17). AIA continues to lose advisers and are now down (-11). Findex down at (-10) along side FSSSP (Aware super).

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Have a great week