Financial Adviser Market Insights, Aug 29, 2024
Adviser Numbers Increased By Five Moving From 15,507 to 15,512
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Weekly Summary
The net number of advisers increased by five for the week, driven by 10 new entrants. Three new licensees commenced and none ceased.
Please note: Through to September 9 - weekly updates will be completed by close of business each Monday.
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Key Adviser Movements This Week:
Net change of advisers +5
Current number of advisers at 15,512
Net Change Calendar 2024 YTD (-109)
Net Change Financial YTD +172
34 Licensee Owners had net gains of 41 advisers
20 Licensee Owners had net losses for (-36) advisers
3 new licensees commenced and zero ceased
10 New entrants
Number of advisers active this week, appointed / resigned: 69
Growth This Week - Licensee Owners
Lifestyle Asset Management were up by five advisers who moved across from Maven Capital controlled by Craig Burbury.
Bombora up by three with two advisers moving from Pareto Group, plus one new entrant
Picture Wealth up by two with one adviser from Wealth Today, controlled by WT Financial Group and one new entrant
A long tail of 31 licensee owners up by net one each including Morgans, Count and Viridian.
Losses This Week - Licensee Owners
Craig Burbury (Maven Capital), down by net 7. As mentioned above, five moved to Lifestyle Asset Management and the other two have yet to be appointed elsewhere
Financial Services Group down by five, all yet to be appointed elsewhere
AMP Group down by four and none showing as being appointed elsewhere
Capstone down by three, one still showing as ceased, one moved to CFG Advice and one joined Wealth Today owned by WT Financial Group
Pareto Group down by two, both joining Bombora
15 licensee owners down by one each including Lifespan, Rhombus and ANZ Banking Group.
12 Month View By Licensee Owner Size
The chart below highlights licensee owners by current size - bottom axis and the net change in advisers - left axis. The chart does highlight the concentration of ‘small’ licensee owners, with only a few large licensee owners, which look like outliers.
Adviser Fast Facts - Dashboard 2. Net Change Advisers Over 12 Months
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