Adviser Numbers This Week Increased by +15 from 15,855 to 15,870

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New Design Adviser Fast Facts Dashboard
We have updated our front dashboard for ‘Adviser Fast Facts’ - The new design provides a user-friendly interface that allows for quick comparison of adviser movements across different time periods. The results can be filtered by business models and size of licensees, giving you even more options to analyse the data.

The video below is from today and quickly highlights the options. By watching the video you will get a pretty good update to the current state of the adviser market.

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Key Adviser Movements This Week:

• Net Change of advisers up by +15

• Net Change of +64 for 2023 YTD

• 27 Licensee Owners had net gains for 29 advisers

• 12 Licensee Owners had net losses for (-14) advisers

• 1 new licensee and 1 ceased

• 9 New Entrants*

• Number of advisers active this week appointed / resigned: 66

*We will now focus on ‘New Entrants’ as opposed to Provision Advisers each week. A new entrant is defined as an adviser’s first appointment date on the ASIC Financial Adviser Register (FAR).

Summary
A net gain of 15 driven by 9 new entrants and a small number of advisers reappearing on the FAR as current, most likely due to passing the Financial (FASEA) Exam. We tend to see a surge in new entrants in the first few weeks of the Financial Exam results being released which occurred last week.

Growth This Week

• MWL Group up by 2 with two former MWL advisers coming back onto the FAR after being ceased in September last year.

• Mutual Trust up by 2 both being new entrants

• 25 licensee owners up by net 1 each, mostly driven by new entrants. Groups include Shaw and Partners, Castleguard Trust (Capstone), AAN wealth and Insignia who had a busy week, hiring 3 including 1 new entrant and 2 advisers from separate licensees

• The one new licensee recommenced with the former lone adviser coming back onto the FAR.

Losses This Week

• Janus Group down (-2) losing 1 adviser each from their two licensees Akambo and First Financial.

• Perpetual also down by (-2)

• 10 licensee owners down by net (-1) each including Bombora, Fiducian, Count, Centrepoint and WT Financial Group. The lone licensee that ceased also only lost the 1 adviser.

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