{"id":65698,"date":"2023-05-09T15:56:35","date_gmt":"2023-05-09T04:56:35","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=65698"},"modified":"2023-05-09T16:26:30","modified_gmt":"2023-05-09T05:26:30","slug":"big-firms-losing-advisers-to-micro-afsls","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/05\/09\/big-firms-losing-advisers-to-micro-afsls\/","title":{"rendered":"Big Firms Losing Advisers to Micro AFSLs"},"content":{"rendered":"<p>Reaffirming the growing cohort of micro AFSLs, <a href=\"https:\/\/wealthdata.com.au\" target=\"_blank\" rel=\"noopener\">Wealth Data<\/a> says licensee owners with 100 or more advisers have lost a total of 251 advisers to the new micro AFSL segment.<\/p>\n<p>Writing in his weekly <em>Financial Adviser Insights <\/em>report, Wealth Data\u2019s <strong>Colin Williams<\/strong> looks at the licensee owners who have lost advisers to the new micro AFSLs (those with between one and four current advisers).<\/p>\n<figure id=\"attachment_56513\" aria-describedby=\"caption-attachment-56513\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/07\/colin-williams.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-56513\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/07\/colin-williams.jpeg\" alt=\"\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-56513\" class=\"wp-caption-text\">Colin Williams.<\/figcaption><\/figure>\n<p>He adds that &#8220;&#8230;surprisingly, licensee owners with less than 20 advisers have lost 82 advisers to this segment.&#8221;<\/p>\n<p>From January 1, 2021 to May 3, 2023, Williams says that &#8220;&#8230;overall there has been a total of 403 advisers moving to the micro AFSLs.&#8221;<\/p>\n<p>However he notes that the licensee owners may still have a relationship with the \u2018lost\u2019 advisers by providing services to many of the micro AFSLs.<\/p>\n<figure id=\"attachment_65706\" aria-describedby=\"caption-attachment-65706\" style=\"width: 1013px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-65706\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4.png\" alt=\"\" width=\"1013\" height=\"408\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4.png 1013w, https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4-300x121.png 300w, https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4-768x309.png 768w, https:\/\/riskinfo.com.au\/news\/files\/2023\/05\/Colin-May-4-696x280.png 696w\" sizes=\"auto, (max-width: 1013px) 100vw, 1013px\" \/><\/a><figcaption id=\"caption-attachment-65706\" class=\"wp-caption-text\">Courtesy of Wealth Data.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Reaffirming the growing cohort of micro AFSLs, Wealth Data says licensee owners with 100 or more advisers have lost a total of 251 advisers to the new micro AFSL segment. Writing in his weekly Financial Adviser Insights report, Wealth Data\u2019s Colin Williams looks at the licensee owners who have lost advisers to the new micro [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":65702,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,4474],"tags":[],"class_list":{"0":"post-65698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dealer-groups","8":"category-practice-management"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=65698"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/65702"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=65698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=65698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=65698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}