Number of Advisers increased by +4 from 17,193 to 17,197

Click Here To Access Basic / Free Adviser Dashboard

New Dashboards For Members
We have now introduced new dashboards along with Adviser and AFSL Databases that are available to Wealth Data Members - Click Here For Membership Information - Information includes short videos highlighting the range of Adviser and Licensee Dashboards and how to use the Databases at the Members Lounge

We now only have limited ‘free’ data on our website.

Key Movements This Week:

• Net Change of advisers +4

• 38 Licensee Owners had net gains for 48 advisers

• 28 Licensee Owners had net losses for (-47) advisers

• 5 new licensees commenced with 1 recommencing after closing out 2021 with zero advisers, and (-2) ceased.

• 9 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
The improved net growth was dominated by 9 Provisional Advisers (PAs) that commenced. All 9 PAs were appointed to different licensees. We also saw 5 new licensees commence this for a total of 11 advisers, most switching from large licensees. A total of 42 licensees have commenced this year. Details of all new licensees are provided to our members.

This week we saw a small number of advisers reappointed after dropping off the ASIC FAR in Dec. This highlights that some advisers are coming back after passing the February Financial Exam (FASEA Exam).

Highest growth belonged to a new licensee at 4 advisers who left Sentry Advice which is part of WT Financial Group. Sequoia had a net growth of 3, hiring 4 and losing 1 adviser. 5 licensee owners had net growth of 2, including 3 new licensees, NTAA (SMSF Advisers Network) and 3 Times 8 (MGD Wealth).

A long tail this week with 31 licensee owners gaining a net 1 each.

Note: This week Ord Minnett Group increased their advisers under their Ord Minnett licence by 34 (See dashboard 1B). However, all are current advisers under EL+C Baillieu which is owned by Ord Minnett. Therefore, no movement at the licensee owners level.

Losses This Week
WT Financial group were down (-5), losing 6 advisers including a practice of 4 advisers commencing their own licensee and re-gaining 1 adviser who had left in Dec and now returning. Hall Chadwick down (-4) along with Loan Market who are now down to zero after losing their final 4 advisers.

FSSSP (Aware super) and Insignia both down (-3). Insignia gained 1 adviser, lost 4, none of the 4 losses have been appointed elsewhere at this stage.

5 Licensee owners down net (-2) including Shartru and TF Accountants who are now down to zero advisers. A tail of 18 licensee owners down (-1) including Bombora.

Year To Date Data - Detailed Information At The Members Lounge Fast Facts Page
Very little change with Count moving further ahead by 1 to a growth of 31 net advisers for the year. Castleguard (Lifespan) remain steady at 13. PSK at 11. Diverger up 1 to 10. Centrepoint, Morgans, Steinhardt (Infocus) all remain at plus 6.

As for losses, Insignia lead the way at (-51), Craigs (-36), AMP Group at (-30) and WT Financial Group continuing with losses now at (-29).

Licensee Website Links Now Added To Database Available To Members
The Members Lounge offers access to our searchable Licensee and Adviser databases. We have now added the ‘Licensee website’ for most licensees. This is great is you are seeking a low cost option to find contact details and location of licensees, particularly the self licensed group which are fast growing in numbers.

The AFSL Database allows you to filter search requests to better target your market and has quick links to show the advisers and their detailed information including product authorisations and qualifications.

Have a great week