89 new advisers on FAR | Australian Markets

There are rising indicators that financial adviser numbers turned a nook at the start of the 2024/25 financial yr, with new information exhibiting that 220 advisers having appeared on the Monetary Adviser Register since 1 July.

The latest evaluation from WealthData principal, Colin Williams, additionally notes that adviser numbers have elevated by 89 for the reason that starting of 2025, with 74 of these advisers being new entrants.

This has introduced the overall quantity of advisers on the FAR to fifteen,562.

Key Adviser Actions For This Interval

• Web change of advisers +22
• Present quantity of advisers at 15,562
• Web Change Calendar 2025 YTD +89
• Web Change Monetary YTD +220
• 32 Licensee Homeowners had internet beneficial properties of 65 advisers
• 24 Licensee Homeowners had internet losses for (-51) advisers
• 3 new licensees commenced and a pair of ceased
• 17 New entrants
• Quantity of advisers lively on this period, appointed / resigned: 78.

Development – Licensee Homeowners

• A new licensee commenced with 4 advisers. It’s related to Pitcher Companions Sydney, as they work by means of some modifications related to Viola Group. All 4 advisers stay authorised at a licensee owned by Viola group.
• Three licensee house owners up by internet three every
  • Morgan Stanley with all three being new entrants
  • Entireti had a busy week, appointing six advisers together with one new entrant, 4 advisers coming back into advice after a break and one from Australian Recommendation Community.
  • Cobalt with two advisers from Buyers Direct Monetary Planning and one from Wealth At present owned by WT Monetary Group.
• Two licensee house owners up by internet two every
  • CCAFP Wealth, each new entrants
  • New licensee with advisers who had been beforehand at GPS Wealth
• 26 licensee house owners up by internet one every together with Shaw and Companions, Perpetual and Ord Minnett.

On the licensee degree, Lee Clarke and Co, (owned / managed by Lee Anthony Clarke) was down by (-7) and down to only one adviser. The advisers stay authorised at Archer Non-public Wealth which have the identical possession, therefore no change on the licensee proprietor degree.

Losses – Licensee Homeowners

• Depend Restricted down by three, dropping two to a new licensee and one who shouldn’t be exhibiting as being appointed elsewhere thus far.
• A short tail of simply 15 licensee house owners down by internet one every together with Oreana, Image Wealth and Hejaz. All three licensees that ceased this week additionally misplaced three one adviser every.