Weekly Financial Adviser Movement To Sep 30, 2021

Number of Advisers decreased by (-33) from 18,965 to 18,932

Click Here To Access The Detailed Adviser Dashboards

New Dashboards - Please Test
The new dashboards have been up for a couple of weeks and we will keep expanding them. Any feedback is welcomed via Phone or Email.

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

Key Movements This Week:

• 47 Appoints and (-80) Resignations - Net Change of advisers (-33)

• 24 Licensee Owners had net gains for 30 advisers

• 32 Licensee Owners had net losses for (-65) advisers

• 3 Provisional Advisers (PAs) appointed

• Worth noting - After deducting the 3 new Provisional Advisers, the net loss of experienced advisers is (-36.) Last week, (-43) and the week before was it was (-37). Consistent losses each week which should be very concerning.

Growth This Week
Dashboard 1B - Licensee Owners. ASVW Holdings has gained three advisers with Durrand Financial Services moving across from Fortnum.

4 other licensee owners gained 2 advisers including a new licensee, W & C Barber who moved away from Banyon Securities. QInvest back into hiring with 2 advisers after losses earlier in the year.

A long tail of owners gaining 1 adviser including AZ Next Generation Advisory gained through their licensee Wealthmead Financial. PBO (Practical Business Outcomes) commenced a new licensee with 1 adviser moving away from AMP Financial Planning.

Note: Dashboard 1A at the licensee level, shows Matrix gaining 4 advisers. While this is correct, all have moved across from Clearview Financial, both licensees now owned by Centrepoint.

Losses This Week
Craigs Investment Partners (NZ Group) down (-14) and none appear to have been appointed elsewhere. WT Financial Group down (-5), with a large practice, Wealth Connection moving from Sentry Advice (owned WT Financial Group) to Infocus. due to timing, the results will show up as a ‘plus’ next week for Infocus.

Laverne Capital down (-4) and both Easton Group and Synchron down (-3). 9 Groups down (-2) advisers each including Count, IOOF and Politis and 18 groups lost 1 adviser each.

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 for growth with 28, with Centrepoint moving to second with 12 and Count dropping back to third with 11.

Losses remain the heaviest among the largest groups. IOOF Group dropped to 1,400 advisers, a loss of (-414) since the start of the year, this includes losses at MLC over the same period. when the deal was announced between IOOF and MLC on Aug 31, 2020, the offical presentation highlighted a combined group of 1,884 advisers. AMP at (-279) and NTAA at (-181) complete the bottom 3.

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