Advisers move amid post-AMP acquisition ripples | Australian Markets

The Entireti/AZ NGA acquisition of the AMP financial advice business continues to be rippling via the financial planning career, with ongoing motion between licensees.

The latest evaluation of the Monetary Adviser Register (FAR) by WealthData has pointed to twenty-eight advisers from a former Constitution firm shifting below a new licensee – Companions Wealth Group.

The degree of persevering with churn between licensees has been demonstrated by 115 advisers altering their standing over the previous week.

Key Adviser Actions For This Interval

• Web change of advisers +9
• Present quantity of advisers at 15,540
• Web Change Calendar 2025 YTD +64
• Web Change Monetary YTD +198
• 32 Licensee House owners had web positive factors of 65 advisers
• 24 Licensee House owners had web losses for (-51) advisers
• 3 new licensees commenced and a couple of ceased
• 11 New entrants
• Quantity of advisers lively on this period, appointed / resigned: 115.

Progress – Licensee House owners

• A new licensee commenced with 28 advisers. The firm was previously at Constitution, now owned by Entireti. 26 of the advisers have moved throughout from Constitution and one every from Image Wealth and one from Depend.
• Endeavor Asset Administration (EAM) added one other 4 advises, following on from 24 final week. All 4 adviser stay connected to Wealth Path which was additionally the identical state of affairs final week.
• Three licensees homeowners up by web two
  • Communication Dynamics Australia (First Mutual Group) with each advisers from Wealth Path
  • Centrepoint Group, choosing up three advisers, one a new entrant, one from Fish Tacos and one coming back after a break.
  • Bartholomew John Ryan (Oakview Monetary) with one adviser coming back after a break and the opposite, continues to be at the moment exhibiting as authorised at Image Wealth.
• A tail of 27 licensee homeowners up by web one every together with Morgans Group, Lifespan and the remaining two new licensees.

Losses – Licensee House owners

• Entireti down by (-24). As talked about above, most leaving from Constitution. They appointed 4 advisers, one a new entrant and the opposite three all coming back into advice after short breaks.
• Finwest down by three ands to zero advisers.
• Christopher Maceachern (Wealth Path), each advisers shifting to First Mutual Australia
• Buyers Direct Monetary additionally down by two, each not exhibiting as being appointed elsewhere
• 20 licensee homeowners down by web one every together with Depend Restricted, Image Wealth and Viridian Group.