Adviser EOFY exits slow

Mike Taylor

Managing Editor and Publisher

26 June 2026

Financial adviser numbers continue to hover just below the 15,100 mark as the profession moves into the final week of the financial year.

The latest analysis from Padua’s WealthData shows the current number of advisers on the Financial Adviser Register standing at 15,096, representing a net change of three advisers over the past week.

WealthData prinipcal, Colin Williams noted that this represented a significant improvement on recent weeks which saw the exit of 71 advisers.

However, he suggested it may be well into July before the full impact of the end of the financial year is known.

Key Adviser Movements for the Week

• 15,096 current advisers
• Net change of advisers: (-3)
• New Entrants: 4
• 22 licensee owners had net gains
• 21 licensee owners had net losses
• 2 new licensees and 1 licensee reduced to zero advisers
• Net Change Calendar 2026 YTD: +44
• Net Change Financial Year 2025/26 YTD: (-74)
• Net change last 12 months: (-391), improved from -440 a week ago.

Growth – Licensee Owners

• Entireti & Akumin Group up by three, the sector’s largest licensee owner, with the additions including one new entrant. Calendar YTD they have appointed 16 new entrants.
• Sofia Korac – Springboard Wealth Lic up by three , a new licensees that appeared last week and is currently made up of all former InterPrac advisers
• Two licensee owners up by two: FSSSP Financial Services (Super Fund Based Advice) and Picture Wealth Group, the latter continuing to grow organically following its acquisition of Capstone (covered in last week’s edition).
• A tail of 17 licensee owners up by net one each, including Centrepoint Group and Cutcher & Neale Financial Services.

Losses – Licensee Owners

• ANZ Banking Group down by seven and the week’s largest single move, with none of the departing advisers yet reappointed — continuing the long-running retreat of the major banks from financial advice. ANZ now sits at 23 advisers.
• Count Limited and Sequoia Group each down by two, both continuing their longer-run declines. WT Financial Group picked up one adviser from each.
• William Buck Wealth Advisors (NSW) down by two. Not appointed elsewhere to date.
• A tail of 17 owners down by net one each, including Bongiorno Group, and with one single-adviser licensee reduced to zero.