Financial Adviser Market Insights, February 6, 2025
Adviser Numbers Increased By 9 For The Week, Moving From 15,531 To 15,540
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This week, the ASIC Financial Adviser Register added nine more advisers, continuing a good start to 2025. There were eleven new entrants / advisers and three new licensees, including a major firm that started with 28 advisers.
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Key Adviser Movements For This Period
Net change of advisers +9
Current number of advisers at 15,540
Net Change Calendar 2025 YTD +64
Net Change Financial YTD +198
32 Licensee Owners had net gains of 65 advisers
24 Licensee Owners had net losses for (-51) advisers
3 new licensees commenced and 2 ceased
11 New entrants
Number of advisers active in this period, appointed / resigned: 115.
Growth - Licensee Owners
A new licensee commenced with 28 advisers. The firm was formerly at Charter, now owned by Entireti. 26 of the advisers have moved across from Charter and one each from Picture Wealth and one from Count.
Endeavor Asset Management (EAM) added another four advises, following on from 24 last week. All four adviser remain attached to Wealth Trail which was also the same situation last week.
Three licensees owners up by net two
Communication Dynamics Australia (First Mutual Group) with both advisers from Wealth Trail
Centrepoint Group, picking up three advisers, one a new entrant, one from Fish Tacos and one coming back after a break.
Bartholomew John Ryan (Oakview Financial) with one adviser coming back after a break and the other, is still currently showing as authorised at Picture Wealth.
A tail of 27 licensee owners up by net one each including Morgans Group, Lifespan and the remaining two new licensees.
Losses - Licensee Owners
Entireti down by (-24). As mentioned above, most leaving from Charter. They appointed four advisers, one a new entrant and the other three all coming back into advice after short breaks.
Finwest down by three and now at zero advisers.
Christopher Maceachern (Wealth Trail), both advisers moving to First Mutual Australia
Investors Direct Financial also down by two, both not showing as being appointed elsewhere
20 licensee owners down by net one each including Count Limited, Picture Wealth and Viridian Group.
Superannuation Fund Level Data - For June 2024
We have updated our members dashboards with the latest APRA data which was recently released.
The data is at the ‘fund level’. We have in most instances, summarised the data into ‘fund type’ i.e. Retail, Industry, Corporate and Public Sector funds plus included some SMSF data.
The data is very detailed and includes investment returns, membership rates and change over the year, asset allocations and very detailed expenses.
We have written a blog post which summarises much of the data - Read Here.
