There are now just over 19,000 actual advisers on ASIC’s Financial Adviser Register.
In his Weekly Financial Adviser Movement report for last week, Wealth Data’s Colin Williams says his analysis of the ASIC register shows an increase of +14 adviser roles moving from 19,346 to 19,360.
The number of actual advisers rose by 10 for the week and is now sitting at 19,075.
He says key movements for the week were:
- 49 appointments and (-35) resignations – net change in roles of +14
- 39 licensee owners had net gains for 51 roles
- 26 licensee owners had net losses for (-37) roles
- 8 provisional advisers appointed.
Williams says the main reason for the week’s variance between adviser roles and actual advisers was due to Macquarie Bank appointing five existing Macquarie Equities advisers.
All five advisers now have two roles at Macquarie Group.
He adds that driving the net growth in advisers was the appointment of eight provisional advisers and all eight were appointed at different licensees.
I’d love to know the numbers for risk specialists. Are such figures obtainable?
It doesn’t matter how many advisers are on the ASIC register, its the number that have passed the FASEA exam that really counts, the rest are planning to leave by the end of 2021.
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