Where exiting InterPrac advisers have landed

Mike Taylor

Managing Editor and Publisher

22 May 2026

Sequoia Financial Group’s InterPrac Financial Planning has dropped from 282 advisers to just 168 in under five months, with those exiting having gone to a broad-cross section of alternative licensees.

New analysis from Padua’s WealthData reveals that17 former InterPrac advisers have gone to larger advice groups such as Centrepoint, Entireti, Akumin, and WT Financial Group while 19 have gone to mid-sized groups such as Capstone, Infocus, Lifespan and Picture Wealth.

The remaining 39 advisers have been spread across small-to-mid licensees, but with most ending up with Phillip Alexander (Gill and Co Advisory) this week.

WealthData’s analysis said that what stood out was that the larger licensee-owners had absorbed just 17 of the 106 departures from Interprac.

“That pattern suggests departing InterPrac advisers are actively choosing independence and flexibility over moving to another large group,” the analysis said.

“Even within the smaller licensee owner category, the spread continues, with O & Z Pty Ltd standing out as the biggest single gainer at four advisers, ahead of a long tail of owners picking up one or two each.”

“With Sequoia now sitting at approximately 168 advisers and some from recent weeks still yet to be reappointed, the picture remains fluid,” it said.

Key Adviser Movements for the Week

• 15,167 current advisers
• Net change of advisers: 0
• New Entrants: 5
• 27 licensee owners had net gains
• 26 licensee owners had net losses
• 5 new licensees commenced
• 2 licensees ceased
• Net Change Calendar 2026 YTD: 114
• Net Change Financial Year 2025/26 YTD: (-2)
• Net change last 12 months: (-419)

Growth – Licensee Owners

• Phillip Alexander (Gill and Co Advisory) up by eight, all switching directly from InterPrac (Sequoia). For a group with 23 advisers at the start of the week, adding eight in one period is one of the most significant proportional gains seen from a smaller licensee owner in 2026. One adviser had been at InterPrac since November 2014, a tenure of more than eleven years, and another since July 2018.
• Endeavor up by three: one adviser switching from InterPrac, one returning to the market after a period away, and one new entrant joining the register for the first time.
• Ethical Wealth Advice (Ethical Financial Planning Services) up by three via new licensee. All three advisers came from Ethical Investment Advisers.
• Four licensee owners up by two each: AvalonFS (both from InterPrac, having previously come from GWM Adviser Services/Insignia Group), Communication Dynamics (one from CHPW Financial), Michael Allanson / WP Wealth Professionals (one from Finchley and Kent, one from Axis Financial Group) and Rhombus (three joined RI Advice from Fortnum Private Wealth/Entireti and Akumin, offset by two departures from Consultum Financial Advisers).
• A tail of 16 licensee owners up by net one each, including WT Financial Group and Morgans Group.

Losses – Licensee Owners

• Sequoia down by eight, all from InterPrac Financial Planning. Of those departing: eight joined Gill and Co Advisory (Phillip Alexander), two joined AvalonFS, one switched to Synchron Advice (WT Financial Group) and one left to start a new licensee (Currie Pie Private Wealth).

• Entireti and Akumin down by six, the largest single-group loss of the week. Three advisers departed Akumin Financial Planning and are not yet reappointed. A further three departed Fortnum Private Wealth and all moved to RI Advice Group (Rhombus Enterprises), contributing to Rhombus’s net gain for the week.
• Ethical Investment Advisers down by three, with all three advisers departing to establish the new Ethical Wealth Advice licensee. See New Licensees section above.
• Two licensee owners down by two net: Infocus (four advisers departed Infocus Securities Australia, including one with the group since 2016 and one departing to start a new licensee, partially offset by two joining) and Maura McCabe (reducing to one remaining adviser). Findex had a net neutral week with one new entrant joining and one adviser departing.
• A tail of 21 licensee owners down by net one each, including Centrepoint Group and Count Limited.