While latest adviser movements saw a slower week, the financial year still looks strong, according to Wealth Data’s analysis.
The research firm’s Colin Williams says the latest data shows a slower week with a net decline of four advisers to a total of 16,394. However the financial year still looks strong – according to Wealth Data – up 152 advisers compared to 76 for the same period last year.
Williams also points to it being a solid week with eight provisional advisers being appointed.
Key Adviser Movements This Week:
- Net Change of advisers – down four
- 28 licensee owners had net gains for 41 advisers
- 30 licensee owners had net losses for 41 advisers
- One new licensee commenced and seven ceased
- Eight provisional advisers commenced and one ceased.
Wealth Data’s latest analysis also highlights gains in the number of advisers over multiple dates and filtered over one year, along with a previous year comparison.
Williams says the chart is based on licensee owners only.
He points to AIA with the highest gains noting it “…started from zero with advisers from CBA and therefore, the previous year is showing zero (no change).”
Williams says Count Group is up by 32 advisers compared to being down 11 the previous year and ASVW Holdings, a relatively new group, is “…going strong” at up 23 and that it was up by six advisers the previous year.
Oreana is up by 17 advisers and “…had a very strong previous year of plus 28.”
