Number of Advisers decreased by (-16) from 15,911 to 15,895

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Key Adviser Movements This Week:

• Net Change of advisers (-16)

• 18 Licensee Owners had net gains for 22 advisers

• 27 Licensee Owners had net losses for (-38) advisers

• 1 new licensees commenced and (-2) ceased

• 6 Provisional Advisers (PA) commenced and (-2) ceased.

Summary
The number of advisers dipped below 15,900 with a net loss of (-16) advisers, despite 6 new entrants being added as Provisional Advisers (PA). A quiet week of reporting which may have been hindered a little by the public holiday in VIC and the non-official public holiday in all other states.

Growth This Week
At the licensee owner level, Diverger Group out on their own with net growth of 3, with two joining Paragem including one PA and an adviser coming back after a break to join GPS. A new licensee came in with 2 advisers with one also being a PA. Spark Partnership up by 2 with another PA and an adviser joining from MTIS Private Wealth.

A tail of 15 licensee owners with growth of net 1 including Fiducian, Sequoia, Morgans and PSK.

Losses This Week
WT Financial Group are down (-5) after losing 3 last week. Their losses this week being 4 advisers at Synchron and 1 at Wealth Today. Perpetual down (-3) and 5 licensee owners down by (-2) including Count, AMP Group and Insignia who appointed 2 and lost 4.

20 licensee owners down (-1) including Centrepoint, Alteris Financial Group and 2 licensees that closed.

Gains / Losses Last 12 months - Licensee Owners With Between 20 and 99 Advisers -Fast Facts Dashboard 2B
This week we take a look at the ‘mid tiers’ licensee owners that currently have between 20 and 99 advisers. The first chart highlights the gains over 1 year. Out on top is AIA which commenced with advisers from CBA. However, over recent months it has been steadily losing advisers. Next comes PSK, noting that this licensee was previously known as Ipac, hence the losses over 2 years are showing up. Then comes ASVW Holdings which has performed strongly over most time periods.

As for losses, some are in this category of 20 to 99 after some significant losses. Two banks lead the way with CBA down (-173) and ANZ down (-78). Financial Link at (-36) and thereafter, a fairly large group of firms with steady losses indicating that many in the cohort have found the last 12 months to be tough going.

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