Another 12 advisers exit InterPrac

Mike Taylor

Managing Editor and Publisher

7 April 2026

Sequoia Financial’s InterPrac lost another 12 financial advisers this week before the deal to sell the licensee to Conquest Investment Partners has been properly cemented.

The latest analysis from Padua’s WealthData noted the exit of the InterPrac advisers noting that some had found a new licensee but six are yet to be reappointed.

The movement of the InterPrac advisers came in a week which saw a further reduction in the number of advisers on the Financial Adviser Register with a net five advisers leaving, bringing the current number of financial advisers down to 15,147.

Key Adviser Movements for the week

• 15,147 current advisers
• Net change of advisers (-5)
• 34 licensee owners had net gains of 50 advisers
• 26 licensee owners had net losses of (-54) advisers
• 3 new licensees and 2 ceased
• 5 new entrants
• 164 advisers affected by appointments / resignations. Note: Includes 63 advisers switching at Canaccord / Wilsons

Other key dates affected by this week’s data

• Net Change Calendar 2026 YTD +93. At the same data last year it was +94
• Net Change Financial YTD (2025/26) (-22)
• Net change last 12 months (-417).

Growth – Licensee Owners

• Fiducian up by four, with three of the advisers returning back to Fiducian after resigning in late December 2025
• Picture Wealth up by three, all three advisers switching from InterPrac into their Insight Investment Services licensee
• A new licensee up by three – details given to members – with advisers switching from Akumin Financial Planning
• Nine licensee owners up by 2 each including:
  • WT Financial Group, gaining one from InterPrac and another from IFA Private Wealth
  • Lifespan with both advisers switching from InterPrac
  • Fitzpatricks with one adviser coming back into advice after a break of several months and another switching from Devere Australia Group
  • Another new licensee with advisers switching from Capstone Financial Planning
• A tail of 22 licensee owners up by net one each including ASVW Holdings, Morgans Group, Bell Financial and the remaining new licensee.

Losses – Licensee Owners

• Sequoia Group down by 12, as mentioned above, some have found a new licensee while six are yet to be reappointed elsewhere
• Entireti & Akumin Group down by eight, again some have switched and as mentioned above, while four have yet to be appointed elsewhere
• Centrepoint Group down by four, two switching to Esencia Wealth Partners and two yet to be appointed elsewhere
• Capstone down by three, two commencing their own licensee and one yet to be appointed elsewhere
• Andrew Wardle (Astute Planning Services) also down by three, two switching to Life Path Financial Planning and one yet to be appointed elsewhere
• Three licensee owners down by two:
  • Barclay Wells, both not appointed elsewhere
  • Finchley & Kent, both not appointed elsewhere
  • Wealthspan Financial, both not appointed elsewhere
• 18 licensee owners down by net one each including; Count Limited, Mercer and Walker Lane. The two licensees that ceased also lost one each.