Number of Advisers decreased by (-29) from 18,872 to 18,843

Click Here To Access The Detailed Adviser Dashboards

New Dashboards
We will no longer be providing detailed information of small licensees for free on the dashboards. We have all the details and happy to share privately.

Note: ‘Select A View’ top left of Dashboards 1A and 1B to see ‘Most Growth’ and ‘Least Growth’

Key Movements This Week:

• Net Change of advisers (-29)

• 23 Licensee Owners had net gains for 28 advisers

• 33 Licensee Owners had net losses for (-59) advisers

• 27 Individual Licensees had net gains of 50 - Includes another 12 at Evans and Partners see notes in commentary

• 39 Individual Licensees had net losses of (-69)

• 7 Provisional Advisers (PAs) appointed.

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 highlighted by 5 Licensee Owners growing net advisers by only 2 each, including Castleguard (Lifespan) which was the only one of the five with more than 30 advisers. Lifespan gained 1 adviser from Interprac and the other via AMP Financial Planning. Insight Management Partners also gaining two and both came from Lonsdale and Integrity joined the raid on Lonsdale also taking 2.

AMP Group made a rare appearance on the week on week growth page gaining a net 1 adviser. Easton Group also gaining 1 after a series of losses.

As mentioned in the stats above, Evans and Partners grew by 12 at a licensee level, as they did last week. All are existing advisers also working under the Dixon Advisory licensee and both are owned by Evans Dixon. They have not been shown as growth in dashboard 1B which is based on Licensee Owners as their net growth is zero. Matrix are also showing good growth with 5 additions for the week, however, all 5 have moved across from co-owned Clearview Financial Advice. Both are now under Centrepoint Group which was down (-3) on the week.

One new licensee commenced for 1 adviser

Losses This Week
IOOF as a group had a net loss of (-8) this was despite hiring 3 new Provisional Advisers. Expect a small number of the lost advisers to reappear next week under their own ‘self-licensed’ arrangements. NTTA also down (-8) all from SMSF Advisers Network. They had 9 resignations, none have reappeared as being current elsewhere and gained 1 adviser from Politis Investment Strategies.

As mentioned earlier, Centrepoint Group were down (-3) along with United Super also down (-3). 8 groups down (-2) including one closed licensee owned by Selwyn Cohen (SMSF Advantage). Another 21 licensee owners lost a net (-1) adviser each.

Year To Date Data
Dashboard 2 - Viewing net change by Licensee Owners with 50 or more Advisers, Oreana extended their lead in terms of growth, now at 37 and 30 advisers ahead of Centrepoint in second spot at 7. Bombora now in third position moving ahead of Count Financial.

AMP Financial Planning is back at number one for the largest individual licensee with 644 advisers as SMSF Advisers Network had a bad week dropping to 639 advisers. YTD, SMSF Advisers Network have lost (-191) advisers and AMP Financial Planning down (-166).

New and Closed Licensees - Dashboards 1A, 1B and now Dashboard 3.
On our main dashboards we are showing new and closed licensees for key time periods. Below is an image from Dashboard 3 with new and closed licensees added by peer group for 2021. - It can be seen that new licensees for the financial planning peer group (providing holistic advice) easily has the largest growth of new licensees at 97, despite the number of advisers in this peer group dropping by (-1,001) or (-7.82%).

Whats new at Wealth Data?
We have started to roll out new ‘online’ AFSL Listing. The listing has many data points by AFSL and they can be sorted by peer groups, size of licensee. You can also search directly by licensee and licensee owner. For the vast majority of licensees we have contact details for the ‘Key Person’ at the licensee including phone numbers, emails and websites.

The advantage of having the AFSL Listing online is that it will get updated weekly. The system is very fast and ‘links’ through to advisers for each licensee. As a user, you get a username and password and it can sit as a link in your bookmark bar, ready to roll 24 hours a day. It also works great on a mobile making it an essential tool for anyone who needs to stay in touch with the advice market.

We are also building a similar system by licensees, which allows the users to work through licensees by practice and by the advisers.

For more information, please call or email and we can provide a demo.

Have a great week - any questions, please call or email using the contact details