Licensees compete to attract practices | Australian Markets

The Australian financial planning panorama might have reshaped with the emergence of Akumin, Rhombus and the rebranding of Fortnum to Entireti, however what has not modified is competitors for well-run and subsequently profitable advice practices.

The latest evaluation of the Financial Adviser Register by WealthData has not solely pointed to the persevering with churn of advisers between licensees, but additionally the motion of advice practices and their groups.

The backside line, nevertheless, is that after making a stable begin to 2025, numbers on the FAR have levelled off with adviser churn again the dominant issue and with total adviser numbers really falling by two this week to 15,576.

Wealth Data principal, Colin Wiliams, famous which licensees have been main the way in which in phrases of adviser growth, stating most growth recorded by a licensee during the primary quarter was recorded by  is Partners Wealth Group a new licensee that moved away from the Entireti & Akumin Group.

“Next is Endeavor Asset Management that gained all its advisers from licensee Wealth Trail owned by Chris MaCeachern. Centrepoint Group continue their growth story up by 19,” he mentioned.

Key Adviser Movements For This Period

• Net change of advisers (-2)
• Current quantity of advisers at 15,576
• Net Change Calendar 2025 YTD +100
• Net Change Financial YTD +233
• 28 Licensee Owners had web good points of 46 advisers
• 27 Licensee Owners had web losses for (-49) advisers
• Three new licensees and two ceased
• 4 New entrants
• Number of advisers energetic on this period, appointed / resigned: 90.

Growth – Licensee Owners

• The Principal Edge up by 9, all advisers transferring throughout from Australian Advice Network
• Entireti & Akumin Group up by 4. Notable actions being; Fortnum gained 4 advisers from RI Advisory owned by Rhombus, Hillross gained three advisers from Gantfm Pty Ltd and AMP Financial Planning misplaced three advisers to Blue Sky Family Trust (Cotham Advisory).
• Three licensee homeowners up by web three:
  • Team Super with all three advisers transferring throughout from Industry Super Holdings
  • Infocus with one adviser from JBWere, one other from ANZ Bank and one other adviser coming back after a break who final practiced in 2019.
  • Blue Skye Family Trust (Cotham Advisory) with all advisers transferring from AMP Financial Planning
• Partners Wealth Group up by two with one adviser from Cobalt and the opposite from Consultum owned by Rhombus.
• 22 licensee homeowners up by web one adviser every together with Centrepoint Group, Findex and Morgans Group.

Losses – Licensee Owners

• Australian Advice Network down by 9 after shedding three final week. As talked about above, the advisers this week moved to The Principal Edge. The quantity of advisers at Australian Advice Network is now 10.
• Four licensee homeowners misplaced web three advisers every :
  • Collins House Private Wealth with all three advisers transferring to Consultum owned by Rhombus
  • Gantfm Pty Ltd and now down to zero, with all three transferring to Hillross owned by Entireti & Akumin Group
  • Guideway Financial Services, three advisers have but to be appointed elsewhere
  • LFG Financial Services, one adviser commencing their own licensee, the opposite two but to be appointed elsewhere.
• Six licensee homeowners down by web two advisers every:
  • Andre Dirckze (Wealth Effect Advisory), each advisers but to be appointed elsewhere
  • Lifespan each advisers but to be appointed elsewhere
  • Rhombus, as talked about within the actions above, a busy week gaining three advisers and shedding 5.
  • Sequoia, shedding one to Centrepoint and the opposite but to be appointed elsewhere
  • Shaw and Partners, each advisers but to be appointed elsewhere
  • WT Financial Group, each advisers but to be appointed elsewhere
• A tail of 16 licensee homeowners down by web one every together with; Count Limited, Janus Financial and PSK.