{"id":66644,"date":"2023-07-10T12:07:46","date_gmt":"2023-07-10T01:07:46","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=66644"},"modified":"2025-03-14T12:02:23","modified_gmt":"2025-03-14T01:02:23","slug":"adviser-numbers-for-fy-2022-2023","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/07\/10\/adviser-numbers-for-fy-2022-2023\/","title":{"rendered":"Adviser Numbers For FY 2022-2023"},"content":{"rendered":"
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Garnering much interest from Riskinfo readers this week was our story on the financial advice sector finishing the 2022-2023 financial year with significantly fewer advisers…<\/h3>\n<\/div>\n<\/div>\n

The financial advice industry finished the 2022-2023 financial year with nearly 600 fewer advisers than at the start of year, according to Wealth Data<\/a>.<\/p>\n

The firm\u2019s Colin Williams<\/strong> says in his weekly Financial Adviser Insights<\/em> that the financial year started with 16,183 advisers and closed out at 15,584, a fall of 3.70% or 599 advisers.<\/p>\n

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

Williams says for perspective, the previous financial year was down by 2,763 advisers or 14.58%.<\/p>\n

He notes too that the data should be seen a preliminary as not all licensees would have updated their data as they have 30 days to report.<\/p>\n

For the 2022-23 financial year 125 new licensees commenced and 88 closed. In Wealth Data\u2019s Financial Planning business model, it was 102 new licensees and 51 closed.<\/p>\n

Williams puts the number of “new entrants and current’ at 373,\u00a0 while 1,429 advisers were ‘resigned and ceased’.<\/p>\n

\u201cThe balance of 457 advisers, between new entrants, ceased advisers and the negative loss of 599, is made up of advisers coming back into advice.\u201d<\/p>\n

He says an alternate way to view the loss \u201c\u2026is to take away the new entrants, and this would see a net loss of 972 (599 plus 373) experienced advisers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Garnering much interest from Riskinfo readers this week was our story on the financial advice sector finishing the 2022-2023 financial year with significantly fewer advisers… The financial advice industry finished the 2022-2023 financial year with nearly 600 fewer advisers than at the start of year, according to Wealth Data. The firm\u2019s Colin Williams says in […]<\/p>\n","protected":false},"author":24,"featured_media":66648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8291],"tags":[],"class_list":["post-66644","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general","category-story-of-the-week"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/66644","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=66644"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/66644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/66648"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=66644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=66644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=66644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}