Weekly adviser movement down by (-49) over this week. We are still anticipate more losses as reporting works it way through with ASIC during January.

As reporting rolls in the losses are high but not unexpected. Losses for 2021 are at (-2,930) advisers and this will grow as licensees report in. Some sectors have performed better than others, but all have suffered losses. The only growth appears to be small licensees who provide holistic advice.

Financial adviser losses at (-126) with heavy losses at CBA, followed by Insignia (IOOF) and AMP. The next few weeks will be volatile as the the effect of the FASEA Exam rolls through the data - stay tuned.

Losses this week eased back after many advisers successfully switched to new licensees. Interesting to note PSK taking on more advisers through the AMP Group.

A heavy week of losses as Commonwealth Bank walk away from advice and big losses at AMP and IOOF. Net losses compounded by so few advisers switching to alternate licensees.

A net loss this week of (-37) advisers. We did see a low rate of switching this week which may indicate that more advisers are simply leaving the advice market as opposed to seeking other roles.

A net loss this week of (-25) advisers. We also introduce our new ratings system by advisers and licensees which is now available to clients.