Financial adviser numbers stand at 15,610 | Australian Markets

The whole quantity of financial advisers on the Financial Adviser Register (FAR) has grown by 134 up to now this yr however churn between licensees stays the foremost issue.

The latest evaluation from WealthKnowledge has revealed that the present quantity of advisers on the FAR stands at 15,610 with the standing of 72 having altered final week as a outcome of actions between licensees,

According to WealthKnowledge principal, Colin Williams the quantity of new entrants included within the numbers final week was 17, taking the fortnightly whole to 38 new entrants largely reflecting those that have handed the latest financial adviser examination.

Key Adviser Movements For This Period

• Net change of advisers +10
• Current quantity of advisers at 15,610
• Net Change Calendar 2025 YTD +134
• Net Change Financial YTD +267
• 25 Licensee Owners had web beneficial properties of 36 advisers
• 18 Licensee Owners had web losses for (-27) advisers
• Zero new licensees and nil ceased
• 17 New entrants
• Number of advisers energetic on this period, appointed / resigned: 72.

Growth – Licensee Owners

• Rhombus Advisory up by 4, a mixture of one new entrant, one adviser coming back into advice after a break of a number of months, one from Findex and one from Capstone.
• Centrepoint additionally up by 4 and with all coming from completely different licensees
• Viridian up by three, with one new entrant and one adviser every from Baker Advice and MUFG Retire360.
• Infocus additionally up by three with one new entrant and one adviser every from Alliance Wealth owned by Centrepoint and one from AXIIS Capital.
• BDP Private Wealth Advisers, up by two, each being new entrants
• 20 licensees house owners up by plus one together with Picture Wealth, Koda Capital and Entireti & Akumin.

Losses – Licensee Owners

• WT Financial Group down by 7, none of the seven exhibiting as being appointed elsewhere thus far. They misplaced two advisers every at Millennium 3, Synchron and Wealth Today, and one from Sentry Advice.
• Sequoia down by three all from Interprac and none exhibiting as being appointed elsewhere.
• Shaw and Partners down by 2, one becoming a member of Openmarkets Australia and the opposite but to be appointed
• A tail of 15 licensee house owners down by web one every together with; Evans Dixon, Capstone and Morgans Group.