{"id":58474,"date":"2021-11-09T10:40:14","date_gmt":"2021-11-08T23:40:14","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=58474"},"modified":"2025-03-14T12:02:28","modified_gmt":"2025-03-14T01:02:28","slug":"latest-adviser-movements-show-sea-of-red-data","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/11\/09\/latest-adviser-movements-show-sea-of-red-data\/","title":{"rendered":"Latest Adviser Movements Show ‘Sea of Red’ – Data"},"content":{"rendered":"
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The ‘sea of red’ data on recent adviser movements garnered most interest from our readers over the last seven days, earning it Story of the Week status as the clock rapidly ticks towards a career-ending 31 December deadline for too many advisers…<\/h3>\n<\/div>\n<\/div>\n

Latest data on financial adviser movements shows \u201ca sea of red\u201c for the week, according to Wealth Data<\/a>.<\/p>\n

Writing in his weekly report Wealth Data\u2019s Colin Williams<\/strong> points to 59 net adviser losses and some 65 experienced advisers no longer current on the ASIC FAR.<\/p>\n

He adds that losses at the major groups remain out of kilter with the market as a whole.<\/p>\n

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Colin Williams.<\/figcaption><\/figure>\n

Williams says that the number of advisers decreased from 18,823 to 18,764.<\/p>\n

Other key movements for the week highlighted were:<\/p>\n