The latest weekly ASIC Financial Adviser Register as been analysed and we have seen net adviser roles reduce by 30, moving from 21,319 to 21,289 roles. The number of actual advisers dropped by 31 to a total of 20,938. For an explanation of the difference between adviser roles and actual advisers please visit Dashboard 12 - ‘Advisers With More Than One Role’.

It was an active week with 5 new licensees appearing with advisers and 3 licensees effectively coming to a close with adviser losses taking the licensees to zero advisers. (This information can be sorted using the ‘Most Growth and Least Growth This Week’ charts on the front dashboard).

Some key highlights include the introduction of Sayers Wealth - a new Private Wealth business. The advisers appearing on the list include co-founding partners Neville Azzorpardi and Jason Chequer, both ex JBWere. Sayers appears to have more advisers, however, they may not need to be on the ASIC register is they do not provide personal ‘retail’ advice.

WJD Advisory a business trading as ‘Advanced Planning Services’ appears on the ASIC list with 3 advisers forming the business who were previously at AMP FP. Sambe Investments which has two firms Finchley and Kent, and Capital Wise gained 2 Advisers both from Wealthsure Financial Services.

Only one new addition this week to the number of Provisional Advisers taking the total to 45, see Dashboard 11.

Losses for the week again has AMP FP at the top of the list with a net loss of 8 adviser roles. WA Local Government Superannuation reduced by 5 and now have zero advisers under their licensee. Charter and GWM (MLC) both lost three roles each.

As we come towards the end of the year, Lifespan remains as the front runner for the most growth by a licensee, currently sitting on a net growth of 60 adviser roles, followed by Interprac at 44 and Sentry at 33. Note, GWM currently showing a net growth of 70 adviser roles however, they did receive 156 advisers transferred from co-owners NAB.

The year to date growth numbers are dwarfed by the number of losses. AMP FP showing current losses of 280 for the year, followed by NAB at 230 and Financial Wisdom that closed earlier with a net loss of 176.

Taking a look by Peer Groups, ‘Dashboard 5 - Lic Offer Peer Group Adviser Movement’, the smaller Less than 20 Advisers licensees have suffered the smallest loss at -2.26% followed by Super Salaried peer group at -3.67% and Private Client at -5.34%. The Self Employed peer group at -6.10% has held up pretty well given the losses suffered by AMP FP which are in this peer group. Please note - The numbers quoted are only for licensees that currently have at least one adviser. It can be seen that over 1,031 adviser roles have been lost to licensees that have now effectively closed to advice over the year.

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