Number of Advisers decreased by (-38) from 19,003 to 18,965

Click Here To Access The Detailed Adviser Dashboards

New Dashboards - Please Test
This week we launch new dashboards in trial mode. There is a limited number of dashboards at this stage. We opted to publish them now to get some early feedback. A link to the previous dashboards will be available on the dashboard page.

The new dashboards will focus on ‘Actual Advisers’ as opposed to a mix of Actual Advisers and Adviser Roles. Regular readers of the blog will know that advisers can hold more than one adviser role (counted more than once as a current adviser), usually at licensees linked to a common ownership. Our goal is to smooth this out, while at the same time being very transparent as to the number of advisers operating at each licensee. Another change you may notice is a reduction in the reporting of advisers moving between licensees with the same owner. For example, many advisers have switched licensees within IOOF and other groups. Therefore, we will not report directly on those switches.

Please review and provide feedback either by email or directly via mobile.

The first big difference you’ll see is that you ‘Select A View’ top left of Dashboards 1A and 1B to see ‘Most Growth’ and ‘Least Growth’

Key Movements This Week:

• 46 Appoints and (-84) Resignations - Net Change of advisers (-38)

• 26 Licensee Owners had net gains for 33 advisers

• 42 Licensee Owners had net losses for (-71) advisers

• 5 Provisional Advisers (PAs) appointed, 3 resigned, 2 reappointed as advisers and 1 reappointed as a PA

• Worth noting - After deducting the 5 new Provisional Advisers, the net loss of experienced advisers is (-43.) Last week it was (-37). This week also saw the number of advisers drop below 19,000. Our figures may be different to other numbers you may see quoted. We do exclude Timeshare advisers and advisers we believe are FX Traders.

Growth This Week
Dashboard 1B - Licensee Owners. NGAA who commenced last week has gained a further 3 advisers and WT Financial Group also up by 3 as a result of new 3 advisers at its licensee Sentry. Cranage Financial Group (CFG Advice) picked up two advisers from Lifespan.

Sensible Investment Management came up with one of the more interesting names for a licensee - ‘Fish Tacos’ to kickstart life in their own business, leaving TWN Group. They were 1 of 3 new licensees, the other 2 commenced with 1 adviser each.

Losses This Week
AMP Group lost (-11), 9 of the net losses at AMP Financial Planning. There were 12 resignation and 1 appointment. Of the 12 losses, only 2 are showing as being appointed elsewhere. Brodie Long and Grew (BLG Business Advisers) effectively ceased after all 6 advisers ceased on the FAR. IOOF down 5 Advisers including 3 at Consultum who opted to move to Sentry Advice.

Year To Date Data
Dashboard 2 - Note, we now list roles and actual advisers and you can switch between ‘Net Change’ and ‘Rank by Size of Licensee - Licensee Owners’ . For Licensee Owners of more than 50 current Advisers, Oreana remain out in front with 28, followed by Count at 13 and Centrepoint Group at 12.

Despite heavy losses this week, AMP Financial Planning remains as the largest licensee with 655 advisers, just ahead of SMSF Advisers Network with 648 and then a gap to Morgans financial Limited at 469.

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