Financial Adviser Insights, Data to Jan 18, 2024.
Adviser Numbers Jan 18, 2024, Net Change of +3, Moving From 15,643 To 15,646
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Please Note: This update covers the week to Jan 18, 2024. The prior week covered the period from Dec 21, 2023 to Jan 11, 2024.
Summary for the week
The net numbers were up by +3. However, the new year to date numbers are a positive +24, a jump of 9 from last week as some advisers that resigned in 2023 are reappointed in 2024. Calendar YTD for 2023 is showing a net loss of (-177).
SEE OUR SUMMARY OF 2023
For a summary of the key data points by adviser movement, change in licensee owners and new entrants, click on the button below.
Key Adviser Movements This Week:
Net change of advisers +3
Current number of advisers at 15,646
Net Change of +24 for Calendar 2024 YTD
Net Change Financial YTD +89
30 Licensee Owners had net gains of 41 advisers
25 Licensee Owners had net losses for (-40) advisers
3 New licensees - 2 recommencing and one switch - more information provided for our members
5 New entrants.
Number of advisers active this week, appointed / resigned: 92.
Growth This Week - Licensee Owners
Shaw and Partners up by 4, picking up 2 advisers each from Ord Minnett and Morgan Stanley
Fortnum up by 3, appointing 4 advisers which included 3 from Madison and losing 1 adviser who has not been reappointed to date.
Casleguard Trust (Lifespan) also up by 3, with 2 advisers coming across from Crown Wealth and 1 from Bombora
23 licensee owners up by net 1 each including Morgans, Macquarie and Centrepoint.
Losses This Week - Licensee Owners
NTAA (SMSF Advisers) down by (-6), and only 1 appointed elsewhere to date
Clime Group down by (-4), all losses from Madison Financial Group
Insignia also down by (-4), losing 5 advisers, 4 from Consultum and 1 from Bridges, and appointing 1 at RI Advice.
Four licensee owners down by (-2) - Crown Wealth, Fitzpatricks, Morgan Stanley and SDQ Investment
18 licensee owners down by (-1) each, including, Perpetual, BDO Private Wealth and WT Financial Group.
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