Adviser numbers dead steady for first time in months

For the first time in many months the movement in the number of planners on the Australian Securities and Investments Commission (ASIC) register was zero, although some advisers changed licensees.

The latest analysis from WealthData reveals that 71 advisers reveals that 71 advisers were involved as resignations or appointments as the churn between licensees continued.

Key Adviser Movements This Week:

• Net Change of advisers, zero
• Current number of advisers at 15,707
• Net Change of (-90) for Calendar YTD
• Net Change new Financial YTD +134
• 24 Licensee Owners had net gains for 30 advisers
• 17 Licensee Owners had net losses for (-30) advisers
• 1 New licensee and zero ceased
• 9 New entrants
• Number of advisers active this week, appointed / resigned: 71.

Growth This Week – Licensee Owners

• Count Group up by net 3, with Count Financial appointing 4 advisers, 3 of which came from Fitzpatricks, 1 new entrant and losing 1 adviser.
• Four licensee owners up by net 2 each, including TFG Australia, with both advisers coming across from FYG Planners. My Plan Financial Planning with both advisers from Alliance Wealth, owned by Centrepoint and Sequoia who are now up by 17 as a group for the new financial year.
• 19 licensee owners up by net one including Shartru, AMP Group, Minchin Moore, Boyce and the lone new licensee.

Losses This Week

• Insignia dominated the losses by being down (-7), losing (-8) and gaining 1.
• Fitzpatricks down by (-4) with losses to Count noted above
• FSSP Financial (Aware Super), down (-3)
• Blue Rock and Capstone both down by (-2). One of Capstone’s losses was an adviser commencing his own AFSL
• 12 licensee owners down by (-1) each including Ord Minnett, WT Financial Group and Diverger.