Financial Adviser Market Insights, Oct 10, 2024
Adviser Numbers Increased By 4, Moving From 15,520 To 15,524
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Weekly Summary
The number of advisers currently on the ASIC FAR increased this week by four. The net increase was driven yet again by a solid number of new entrants appearing on the FAR, this week it was 15.
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Key Adviser Movements This Week:
Net change of advisers +4
Current number of advisers at 15,524
Net Change Calendar 2024 YTD (-101)
Net Change Financial YTD +181
28 Licensee Owners had net gains of 38 advisers
26 Licensee Owners had net losses for (-35) advisers
2 new licensee commenced and (-5) ceased
15 New entrants
Number of advisers active this week, appointed / resigned: 72.
Growth This Week - Licensee Owners
AMP Group at the top of the list, gained four including two new entrants, an adviser coming back after a short break and an adviser back on the list after being ceased temporarily.
Three licensee owners up by net three:
A new licensee with advisers leaving Capstone
Michin Moore with one adviser also from Capstone and two from Wealth Leadership Services
SGN Financial with the advisers leaving Cervus Wealth
Count Limited up by two after appointing three advisers, including two new entrants and losing one adviser
Overall, 23 licensee owners rose by one, including WT Financial group, Spark Partnership, Rhombus Advisory and Infocus.
Losses This Week - Licensee Owners
Capstone down by four, as mentioned above, losing three to a new licensee and one to Minchin Moore
Cervus Wealth down by three and to zero advisers, after losing three advisers to SGN Financial
Four licensee owners down by two:
AAN Wealth - now down to zero advisers, after the two remaining advisers joining the rest of the former AAN Wealth advisers at PictureWealth
DMR Family Trust (Affinity Private Financial Services), with one adviser joining Lifewealth and the other not showing as being appointed elsewhere
RNB Group, both advisers to date not appointed elsewhere
Wealth Leadership Services, down to zero advisers after both remaining advisers joined Minchin Moore
20 licensee owners down by net one each including AIA Company, Bell Financial and Sequoia.
SMSF Analysis - Dashboards and Blog Post Updated
Last week we issued an SMSF Analysis Blog Post - Read Here And updated all the SMSF Dashboards for our Members.
We have now updated the Free SMSF Dashboards - See Here The dashboards contain a smaller number of dashboards compared to what is available to our paying members. However, the data provided paints a good picture of the current SMSF market. In addition, a PowerPoint presentation can be purchased for just $20.00 and this includes all the dashboards. Buy at our store here.
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