Weekly Financial Adviser Movement To September 24, 2020

This last week saw a further -31 loss of Adviser Roles. The last few weeks have seen an increase in net losses for this current quarter.

AMP Financial Planning (AMP FP) represented the largest loss for a licensee with -6. Only a few weeks ago, AMP FP dipped below 1,000 Adviser roles, now they stand at 962. AMP as a group have a net loss of -335 Adviser roles YTD, or 15% of all net losses of Adviser roles. AMP Group currently represent 8.4% of all current Adviser roles.

A couple of new AFSLs ‘self-licensed’ appeared this week, Equitem Financial and Consone Wealth. Equitem with three Advisers, ex Clearview and Consone with 2 Advisers ex Matrix. Lifespan continue their consistent year of adding new Adviser roles with an additional 2.

The number of Provisional Roles continue to grow and is now at 34 up from 32 last week. Aware Financial (State Super NSW) adding 2, to now have 4 roles. Count Financial have 3.

See the complete set of dashboards via the link below.