Weekly Financial Adviser Movement October 28, 2021
Number of Advisers decreased by (-20) from 18,843 to 18,823
Click Here To Access The Detailed Adviser Dashboards
New Dashboards
We will no longer be providing detailed information of small licensees every week for free on the dashboards. We have all the details and happy to share privately - See bottom of this post for our new online databases.
Key Movements This Week:
Net Change of advisers (-20)
25 Licensee Owners had net gains for 35 advisers
29 Licensee Owners had net losses for (-61) advisers
29 Individual Licensees had net gains of 41
37 Individual Licensees had net losses of (-66)
8 Provisional Advisers (PAs) appointed. This indicates that (-28) experienced advisers dropped off the FAR this week.
Note: On dashboards 1A and 1B, you can ‘hover’ your cursor over each ‘bar’ in the charts and see more details.
Growth This Week
Dashboard 1B - Licensee Owners. Limited growth this week and somewhat distorted by Ord Minnett data who a couple of weeks ago had 4 advisers dropping off only to rehire and backdate the information. Centrepoint were up by a net 3, including one new Provisional Adviser. Not shown, is one new licensee starting with three advisers having moved from Millennium 3. (Call for details of new licensee).
Sequoia (Interprac) gained two advisers , 1 adviser each from Consilium and Consultum. Affinia also growing by 2 and ASVW continue to grow, now at 18 advisers after gaining a practice of 2 advisers from Consultum. A further 13 Licensee Owners gained 1 net new adviser each.
2 new licensees commenced for a total of 4 advisers.
Losses This Week
IOOF top net losses again this week with (-12) with three hires and (-15) resignations. Of the resignations only 4 are showing up as current elsewhere. Maritime Financial Services (Maritimes Super) went to zero advisers with all 7 advisers coming off their AFSL. However, the advisers were also acting under Guideway Financial services and they remain at that licensee.
AMP Group and Laverne Capital both down (-4). Synchron down (-3) followed by 7 Licensee Owners down (-2) each including Australian Unity and Elston Group. 17 Licensee Owners all down (-1) each.
Two licensees went to zero, Maritime Super and CCZ Statton Equities.
Year To Date Data
Dashboard 2 - Viewing net change by Licensee Owners with 50 or more Advisers, there was little change with Oreana at plus 37, Centrepoint improving to plus 10 with three licensee owners, Bombora, Canaccord and Count at plus 6.
At a Financial year to date, the losses at AMP and IOOF are now quite similar with AMP at (-89) and IOOF at (-82). when combined, net change loss is (-171). Meanwhile the net change loss for all licensees is at (-143) for the same time period.
Access The Data and Contacts You Need - Super Fast, Super Easy
We have commenced rolling out our databases online in a format that makes finding critical licensee and advisers details super fast and super convenient - right down to accessing data on your mobile. Elements of the database includes key contact details such as phone and emails, web addresses and much more.
We are in a ‘soft launch’ phase and welcome the opportunity to give you a demo of our current products. We can tailor the final version to suit your business needs. The demo is usually via zoom - Simply call or email to book yours in - will take 30 mins. Our core product is our AFSL Listing with an emphasis on the small licensees who in effect operate as a stand alone practices. We are also expanding our Licensee listings which provide details by practice and by advisers
Have a great week - any questions, please call or email using the contact details
