89 new advisers on FAR

There are increasing signs that financial adviser numbers turned a corner at the beginning of the 2024/25 financial year, with new data showing that 220 advisers having appeared on the Financial Adviser Register since 1 July.

The latest analysis from WealthData principal, Colin Williams, also notes that adviser numbers have increased by 89 since the beginning of 2025, with 74 of those advisers being new entrants.

This has brought the total number of advisers on the FAR to 15,562.

Key Adviser Movements For This Period

• Net change of advisers +22
• Current number of advisers at 15,562
• Net Change Calendar 2025 YTD +89
• Net Change Financial YTD +220
• 32 Licensee Owners had net gains of 65 advisers
• 24 Licensee Owners had net losses for (-51) advisers
• 3 new licensees commenced and 2 ceased
• 17 New entrants
• Number of advisers active in this period, appointed / resigned: 78.

Growth – Licensee Owners

• A new licensee commenced with four advisers. It is associated with Pitcher Partners Sydney, as they work through some changes associated with Viola Group. All four advisers remain authorised at a licensee owned by Viola group.
• Three licensee owners up by net three each
  • Morgan Stanley with all three being new entrants
  • Entireti had a busy week, appointing six advisers including one new entrant, four advisers coming back into advice after a break and one from Australian Advice Network.
  • Cobalt with two advisers from Investors Direct Financial Planning and one from Wealth Today owned by WT Financial Group.
• Two licensee owners up by net two each
  • CCAFP Wealth, both new entrants
  • New licensee with advisers who were previously at GPS Wealth
• 26 licensee owners up by net one each including Shaw and Partners, Perpetual and Ord Minnett.

At the licensee level, Lee Clarke and Co, (owned / controlled by Lee Anthony Clarke) was down by (-7) and down to just one adviser. The advisers remain authorised at Archer Private Wealth which have the same ownership, hence no change at the licensee owner level.

Losses – Licensee Owners

• Count Limited down by three, losing two to a new licensee and one who is not showing as being appointed elsewhere to date.
• A short tail of just 15 licensee owners down by net one each including Oreana, Picture Wealth and Hejaz. All three licensees that ceased this week also lost three one adviser each.