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.

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