Number of Advisers decreased by (-41) from 17,249 to 17,208

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Key Movements This Week:

• Net Change of advisers (-41)

• 23 Licensee Owners had net gains for 32 advisers

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

• 2 new licensees commenced, 1 restarting after change of ownership and (-5) closed

• 5 Provisional Advisers (PA) commenced.

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
TFG Australia - trading as HPH Solutions picked up 4 advisers this week , 3 from Consultum and 1 an adviser who had a break between roles.

6 groups had net growth of 2 advisers including two new licensees (Details of new licensees shown in data at Member Lounge and including the Members Only Blog Post). Both new licensees were practices that exited Insignia Group - Lonsdale and Consultum. Parker Wealth did grow a net 2, both Provisional Advisers. Aus Unity picking up 2, 1 each from Lifespan and Link.

A long tail of 16 licensee owners with a net growth of 1 each including Fiducian, Count and Fortnum.

Losses This Week
Losses dominated by Craigs Investment Partners, down (-28). This licensee is NZ based, servicing clients with a focus on direct shares. 5 licensees closed for the loss of (-9) advisers. One of those licensees, Chancellor Portfolio Service closed for the loss of 4 advisers and 2 have been reappointed at Wilsons Advisory.

AMP Group down (-3) followed by 5 licensees down by (-2) including Loan Market and Mortgage Choice who are running down their licensees.

Another long tail with 23 licensee owners down net (-1) including PSK, Sequoia and Unisuper.

Year To Date Data - Detailed Information At The Members Lounge
Count pushes further ahead and are now up 29 for the year. Castleguard (Lifespan) remain steady at 13. PSK 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 (-50). Craigs now in the mix down (-36) and a gap to AMP Group down (-19).

WT Financial - Now Third largest Group
WT Financial (WTL ASX Code) created the big news this week with the announcement of purchasing Synchron. This takes them to 560 financial advisers registered on the ASIC Financial Adviser register (FAR).

The announcement did say their combined firm now has 600+ ‘Advisers’ and some media reported this is 600+ Financial Advisers. WTL do have some 50 Authorised Representatives who are not authorised to provide personal / retail financial advice, hence do not appear on the ASIC FAR and cannot be called financial advisers.

Below is a breakdown of the top 4 groups, broken down by licensees, along with net change in the number of advisers for this calendar year to date.

All the details taken from our Licensee Deep Dive Dashboards available to our members.

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Have a great week