Data confirms salaried adviser tend to stick

Nearly a third of financial advisers on the Financial Adviser Register (FAR) have only ever worked for one licensee, according to new analysis from Padua-owned Wealth Data.

After recently pointing to the significant levels of mobility of advisers between licensees, Wealth Data principal, Colin Williams noted that 4,143 representing 26.8% of those on the FAR had only ever been appointed to one licensee.

He said this group fell within the institutional/salaried adviser segment, with the next largest segment for limited mobility were those advisers working for large licensees.

Key Adviser Movements For This Period

• Net change of advisers -9
• Current number of advisers 15,458
• Net Change Calendar 2025 YTD (-14)
  • Net change 2025 YTD of +141 when excluding licensees that provide mostly limited SMSF advice
• Net Change Financial YTD (2025/26) +288
  • Net change Financial YTD +305 when excluding licensees that provide mostly limited SMSF advice
• 18 Licensee Owners had net gains of 18 advisers
• 21 Licensee Owners had net losses for (-29) advisers
• There were no new licensees, and none ceased
• 9 new entrants

Growth – Licensee Owners

• All Licensee Owners that gained advisers increased by just one
• There were no new licensee owners this week

Losses – Licensee Owners

• Vivid HoldCo Limited (Viridian) decreased by three advisers, none appointed elsewhere to date
• Four Licensee Owners decreased by two advisers each –
  • Art Group Services Ltd – Non appointed elsewhere
  • Count Limited, one appointed at Centrepoint and the other two yet to be appointed elsewhere
  • Fiducian Financial Group both not appointed elsewhere
  • Stellan Capital Group Pty Ltd both not appointed elsewhere
• 16 licensee owners lost one each, including Viola Group Holdings Pty, FP Advice Pty Limited and Findex Group.
• No Licensee Owners closed this week.