Financial adviser numbers stand at 15,610

The total number of financial advisers on the Financial Adviser Register (FAR) has grown by 134 so far this year but churn between licensees remains the major factor.

The latest analysis from WealthData has revealed that the current number of advisers on the FAR stands at 15,610 with the status of 72 having altered last week as a result of movements between licensees,

According to WealthData principal, Colin Williams the number of new entrants included in the numbers last week was 17, taking the fortnightly total to 38 new entrants largely reflecting those who have passed the latest financial adviser exam.

Key Adviser Movements For This Period

• Net change of advisers +10
• Current number of advisers at 15,610
• Net Change Calendar 2025 YTD +134
• Net Change Financial YTD +267
• 25 Licensee Owners had net gains of 36 advisers
• 18 Licensee Owners had net losses for (-27) advisers
• Zero new licensees and zero ceased
• 17 New entrants
• Number of advisers active in this period, appointed / resigned: 72.

Growth – Licensee Owners

• Rhombus Advisory up by four, a combination of one new entrant, one adviser coming back into advice after a break of several months, one from Findex and one from Capstone.
• Centrepoint also up by four and with all coming from different licensees
• Viridian up by three, with one new entrant and one adviser each from Baker Advice and MUFG Retire360.
• Infocus also up by three with one new entrant and one adviser each from Alliance Wealth owned by Centrepoint and one from AXIIS Capital.
• BDP Private Wealth Advisers, up by two, both being new entrants
• 20 licensees owners up by plus one including Picture Wealth, Koda Capital and Entireti & Akumin.

Losses – Licensee Owners

• WT Financial Group down by 7, none of the seven showing as being appointed elsewhere to date. They lost two advisers each at Millennium 3, Synchron and Wealth Today, and one from Sentry Advice.
• Sequoia down by three all from Interprac and none showing as being appointed elsewhere.
• Shaw and Partners down by 2, one joining Openmarkets Australia and the other yet to be appointed
• A tail of 15 licensee owners down by net one each including; Evans Dixon, Capstone and Morgans Group.