There are currently a total of 355 new advisers for 2022, comprising provisional advisers and ‘advisers’ with a formal start date of 2022, according to the latest data.
Wealth Data’s Colin Williams writes in his weekly analysis of ASIC’s FAR that while the numbers may be considered low by industry observers, “…it is a good jump of new entrants to what we had in the prior years.”
He notes that for context, the number of 355 new entrants “…would make this cohort the third largest licensee in the country.”
Williams says that AMP group has 23 (of the 355) which represents 2.39% of all its advisers; followed by Insignia at 22 (2.03% of its advisers); Fortnum has 10, which is 4.5% of all of its advisers.
He adds that it’s important to note that some of the ‘advisers’ may well have been appointed as provisional advisers before 2022.
Current Advisers Now at 15,899
Meanwhile, the past week saw a net loss of three advisers which Williams says was helped by another good week of new provisional advisers.
- Net change of advisers, down 3
- Number of current advisers now at 15,899
- Two new licensees recommenced, three closed
- Five provisional advisers commenced
