Financial Adviser Insights, Data to Jan 11, 2024.
Adviser Numbers Dec 21, 2023 to Jan 11, 2024, Net Change of (-24) Moving From 15,667 to 15,643
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Welcome to 2024 - Please Note: This update covers the period from Dec 21, 203 to Jan 11, 2024.
Typically, the first couple of weeks of January can be slow for reporting. As we progress through January, we will get a more complete picture to the final results of 2023.
Summary for the Period
The net numbers were down by (-24). However, the new year to date numbers are a positive +15. Calendar YTD for 2023 is showing a net loss of (-173), a jump of (-42) from our last reporting on Dec 21, 2023, when it was showing (-131).
We will provide a more complete picture of 2023 in our update this coming Thursday.
Key Adviser Movements The Period:
Net change of advisers at (-24)
Current number of advisers at 15,643
Net Change of +15 for Calendar YTD
Net Change Financial YTD +86 (dropping from +111)
24 Licensee Owners had net gains of 33 advisers
33 Licensee Owners had net losses for (-52) advisers
3 New licensees (one is just a switch) and 2 ceased Note: If you would like to access a list of closed licensees, please contact us.
4 New entrants.
Number of advisers active this week, appointed / resigned: 101.
Growth This Period - Licensee Owners
Centrepoint up by 6 which included 4 advisers from Crown Wealth
Four licensee owners up by +2.
Janus adding 2 to their Akambo AFSL
Beryllium Advisers with both advisers from Australian Mortgage and Financial Advisers
Forbes AFSL, with both advisers from Affina now owned by Count Limited
A new licensee commencing with 2 advisers from Capstone.
8 licensee owners down by (-2) each including capstone,
19 licensee owners up by 1 each including Viridian, Insignia, and Canaccord.
Losses This Period - Licensee Owners
Diverger down by (-5), and none appointed elsewhere to date
Ord Minnett down by (-4), again, none appointed elsewhere to date
Count Limited and Findex both down by (-3)
8 licensee owners down by (-2) each including Capstone, Morgan Stanley and WT Financial Group
21 licensee owners down by (-1) each, including Fitzpatricks, Fortnum and Shaw and Partners.
A more comprehensive update to follow when ASIC releases their Financial Adviser register update this coming Thursday.
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