Small licensees account for third of advisers | Australian Markets

The banks could also be out of financial advice with AMP having offered its advice business however small licensees nonetheless characterize barely a third of the financial advice market.

Wealth Data principal, Colin Williams has informed Financial Newswire’s Advice Wealth and Super Conference that the mid-size to massive advice licensees nonetheless dominate the advice market regardless of the rise and rise of micro-licensees.

Williams additionally identified that whereas there are over 15,500 advisers on the Financial Adviser Register, solely 14,129 can offer investment advice on wrap accounts.

Looking on the cut up between bigger licensees and micro-licensees, he mentioned It highlights that 4,962 advisers sit on a whole of 1,557 licensees at an average of 3.19 advisers per licensee.

“This translates 35.11% of all advisers working across 92.13% of all licensees,”

Williams’ feedback to the convention got here on the similar time as his latest evaluation of the Financial Adviser Register (FAR) revealed one other week of advisers churning between licensees moderately than there being vital numbers of new entrants to the career.

Key Adviser Movements For This Period

• Net change of advisers (-1)
• Current quantity of advisers at 15,578
• Net Change Calendar 2025 YTD +102
• Net Change Financial YTD +235
• 25 Licensee Owners had internet positive factors of 33 advisers
• 20 Licensee Owners had internet losses for (-27) advisers
• Five new licensees and 0 ceased
• 7 New entrants
• Number of advisers energetic on this period, appointed / resigned: 63.

Growth – Licensee Owners

• A new licensee commenced with three advisers, and the advisers are nonetheless at the moment authorised at Northhaven Financial Management
• Another new licensee additionally commenced with three advisers who left Australian Advice Network
• Four licensee homeowners up by internet two
  • Spark Financial Group with each advisers shifting throughout from Fortnum half of Entireti & Akumin Group
  • Sensible Investment with one adviser every from Paragem, owned by Count Limited and Excalibur Wealth Group
  • Oreana with each advisers shifting throughout from Fitzpatricks
  • Australian Financial Planning with each advisers exhibiting as being nonetheless authorised at Step Up Financial Group.
• 19 licensee homeowners up by internet one adviser every together with Morgans, Ord Minnett and the remaining three new licensees.

Losses – Licensee Owners

• Australian Advice Network down by three, as talked about above shifting to a new licensee
• Industry Super Holdings additionally down by three and none of the advisers exhibiting as being authorised elsewhere to this point
• Three licensee homeowners down by internet two
  • Entireti & Akumin Group appointed two, together with one new entrant and misplaced 4 advisers
  • Fitzpatricks as talked about above, each advisers shifting to Oreana
  • Insignia shedding one every from Bridges and Shadforths, neither have been appointed elsewhere to this point.
• A tail of 14 licensee homeowners down by internet one every together with; Count Limited, Sequoia and Perpetual.