This was a relatively quiet week with the data showing a net loss of 21 Financial Adviser roles. Since the rush that occurred to June 30th, 2020, there has been a little bit of ‘housekeeping’ by some licensees and this is reflected with the quarter to date positive movement of 57 Adviser roles. However, year to date is still showing a large loss of -2,049 Adviser roles.

Lifespan continue with a solid year, registering a net gain of 4 Advisers for the week, 10 for the quarter and 36 year to date. Interprac remain ahead YTD with an increase of 39 Adviser roles.

AMP Group continue to see more losses. For the week, AMP Financial Planning and Hillross both registered a net loss of 6 Adviser roles and IPAC lost 2 roles. Charter did have a positive week with a net gain of 4 Adviser roles.

To finish on a positive note, there is a growing list of ‘Provisional Advisers’ - These are Advisers coming into advice through a professional year. This list has now grown to 19 Advisers. To put this into perspective, 2019 only developed 9 new Advisers who are still registered as current Advisers.