It’s been another week of adviser growth driven by 14 new entrants and a net change in the financial year to date up by 216, putting the total at 15,395 advisers.
Colin Williams of Wealth Data, a firm bought last month by Padua Solutions, says that while the industry is down by 79 advisers when compared with the start of the calendar year, if licensees associated with accountants – who offer limited SMSF advice – are removed then the figure is up by 64.
He also says the number of advisers giving general financial advice is growing.
Key adviser movements:
- Net change of advisers +22
- Current number of advisers 15,395
- Net Change Calendar 2025 YTD (-79)
- Net Change Financial YTD (2025/26) +216
- 35 Licensee Owners had net gains of 49 advisers
- 16 Licensee Owners had net losses for (-22) advisers
- 1 new licensee and one ceased
- 14 new entrants
The data for the rolling 12 months, also shows a positive 59 (excluding the accounting – limited advice model). Over the same period, the accounting – limited advice model is down by 174.
Growth – Licensee Owners
- FSSP Financial Services (Aware Super), up by four advisers, all changing from different licensees, with three coming back into advice after a short break and one after being out of advice for over 12 months
- Cutcher & Neale Financial Services also up by four, all advisers are still currently authorised at BBB Financial Services which is also part of the Cutcher & Neale Group
Partners Wealth Group up by three, all advisers switching from Mont Group (owned by Otwo Burswood)
Six licensee owners up by net two each:
- WT Financial Group, both advisers previously at Lifespan with one coming back into advice after a break of several months
- Insight Management Partners, both advisers coming back into advice after a break of several years
- Halpin Wealth Partners with one new entrant and one adviser moving across from SA Wealth Solutions
- Entireti & Akumin gaining three advisers, two being new entrants and one adviser switching from Capstone, and one adviser ceased and not appointed elsewhere to date
- Count Ltd with both advisers being new entrants
- Catalpa Pty Ltd with both advisers switching across from Fintegrity Wealth Advisers owned by Sshhut Holdings
- A tail of 26 licensees up by net one including Sequoia, Insignia and the one new licensee
Losses – Licensee Owners:
- Otwo Burswood Pty Ltd (Mont Group) down by three advisers, as mentioned above, moving across to Partners Wealth Group
Three licensee owners down by two advisers each:
- Australian Administration Services (MUFG Retire360), both not appointed elsewhere to date
Kilara Financial Solutions and both advisers not appointed elsewhere to date - Picture Wealth, losing three advisers, none appointed elsewhere to date and appointing one adviser who has come back into advice after a break of several months
- Sshhut Holdings (Fintegrity Wealth Advisers), as mentioned above, both advisers switching to Catalpa
- A short tail of 11 down by net one each including Fitzpatricks, Capstone and Spark Partnership
