Adviser numbers still lagging 2024

Financial adviser numbers have grown by 234 since the start of the financial year but still lag those reached in alte 2024, according to the latest analysis from Padua/WealthData.

However, even with the post 1 July growth spurt, there are still 63 fewer people on the Financial Adviser Register (FAR) than at 1 January.

WealthData founder and principal, Colin Williams noted that adviser market growth had quietened down after its robust start to the financial year, and this was the case even though there had been 11 new entrants this week.

Key Adviser Movements For This Period

• Net change of advisers +1
• Current number of advisers 15,411
• Net Change Calendar 2025 YTD (-63)
• Net Change Financial YTD (2025/26) +234
• 23 Licensee Owners had net gains of 25 advisers
• 22 Licensee Owners had net losses for (-26) advisers
• 2 new licensees and three ceased
• 11 new entrants
• Number of advisers active in this period, appointed / resigned: 54.

Growth – Licensee Owners

• Rhombus up by net two with one adviser switching from Findex Advice Services and the other moving across from Charter Financial Planning.
• A new licensee commenced with two advisers, both previously at Shaw and Partners
• A tail of 21 licensees up by net one including WT Financial Group, Count Limited and Cobalt Advisers.

Losses – Licensee Owners

• Four licensee owners down by net two each:
  • Shaw and Partners, as mentioned the advisers part of a new licensee
  • Sshhut Holdings with one adviser joining Fintegrity Wealth Advisers and the other is yet to be appointed elsewhere
  • Venmere Finance (KR Securities) which s now down to zero advisers, both moving to Bentleys (QLD) Advisory
  • Wealth Spectrum (Climb Wealth), with one switching to Lenn Licensing and the other yet to be appointed elsewhere
• A tail of 18 down by net one each including Fiducian, Picture Wealth and Sequoia Group.