Adviser churn between licensees continues | Australian Markets

Churn between licensees has remained the dominant think about modifications on the Financial Adviser Register (FAR) this week, in line with the latest evaluation from WealthKnowledge.

The evaluation reveals that financial adviser numbers have remained comparatively regular at 15,579 inserting them 236 up in financial yr up to now phrases and 103 up up to now this calendar yr.

Key Adviser Movements For This Period

• Net change of advisers +2

• Current quantity of advisers at 15,579

• Net Change Calendar 2025 YTD +103

• Net Change Financial YTD +236

• 23 Licensee Owners had internet positive factors of 29 advisers

• 21 Licensee Owners had internet losses for (-29) advisers

• One new licensee (recommenced) and one ceased

• 4 New entrants

• Number of advisers lively on this period, appointed / resigned: 64.

Growth – Licensee Owners

• Macquarie Group up by three, all three advisers coming back after a number of months break from Macquarie Bank.

• Centrepoint Group additionally up by three, appointing 4 advisers with two from Interprac, owned by Sequoia, one from Strategic Solutions and one new entrant. They misplaced one adviser to Charter Financial.

• Lifestyle Asset Management up by two, one adviser from Financial Services Group and one coming back after a break from Beryllium Advisers

• Hive Group additionally up by two with each advisers transferring from Personal Financial Services owned by Entireti

• 19 licensee homeowners up by internet one adviser every together with Mercer, Advice Evolution and FSSSP Financial Services (Aware Super).

Losses – Licensee Owners

• Ferdinand FFP Ultimate down by three, all three transferring to the Connectus AFSL

• Sequoia Group additionally down by three, shedding one to Centrepoint Group, and one to Advocate Advisory, and the remaining adviser is but to be appointed elsewhere.

• Four licensee homeowners down by two

  • Capstone and each advisers not appointed elsewhere

  • Entireti & Akumin Group appointing two advisers, one coming back after a break and the opposite from Centrepoint. Losing 4 advisers, one to Wealth Today owned by WT Financial group and the opposite three are but to be appointed elsewhere

  • Perpetual and each advisers are but to be appointed elsewhere

  • Shartru and each advisers but to be appointed elsewhere.

• A tail of 15 licensee homeowners down by internet one every together with; Count Limited, Infocus and PSK.