{"id":83092,"date":"2026-07-03T09:51:36","date_gmt":"2026-07-02T23:51:36","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=83092"},"modified":"2026-07-03T09:51:36","modified_gmt":"2026-07-02T23:51:36","slug":"adviser-numbers-fall-below-15000","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2026\/07\/03\/adviser-numbers-fall-below-15000\/","title":{"rendered":"Adviser Numbers Fall Below 15,000"},"content":{"rendered":"

The number of financial advisers in Australia has fallen below the 15,000 mark, with the latest count sitting at 14,984 after hitting 14,899 at the close of the financial year.<\/p>\n

The figures, compiled by industry analyst Colin Williams<\/strong> of Padua Wealth Data, show a net loss of 112 advisers during the latest reporting week. However, the headline figure masks an end-of-financial-year reshuffle, with adviser numbers falling by almost 200 on 30 June as advisers retired or switched licensees before rebounding by 85 in the opening days of July.<\/p>\n

Williams said the figures, based on ASIC data, should be treated as preliminary because licensees have up to 30 days to notify adviser appointments.<\/p>\n

The rebound should build week by week…<\/p><\/blockquote>\n

As a result, many advisers who ceased on 30 June are expected to reappear under new licensees throughout July.<\/p>\n

“The rebound should build week by week as reporting catches up,” Williams said.<\/p>\n

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

The latest reporting period was the busiest week of 2026, with 265 advisers affected \u2013 up from 65 the previous week \u2013 including eight new entrants to the profession.<\/p>\n

Unlike much of the year, when losses were largely driven by restricted advisers specialising in self-managed superannuation funds, around three-quarters of this week’s departures came from financial planning firms.<\/p>\n

During the week, 38 licensee owners recorded net gains in adviser numbers, while 75 posted net losses. Four new licensees were established, while seven licensees were left with no advisers.<\/p>\n

So far in 2026, adviser numbers are down by a net 71, while the profession has shrunk by 244 advisers over the past 12 months.<\/p>\n

Growth – licensee owners<\/strong><\/p>\n

    \n
  • George Sabini (Bespoke Wealth) up by six with advisers switching from CHPW Financial and new licensee (details given to members) commenced with five, all switching across from Morgans<\/li>\n
  • Another new licensee commenced with four advisers, although this initially looks like an internal switch<\/li>\n
  • Sofia Korac (Springboard Wealth) up by four, as in recent weeks, all advisers switching from InterPrac<\/li>\n
  • Phillip Alexander (Gill and Co) up by three, extending the year’s strongest run (more below), with Spark Partnership Group and Entireti & Akumin each up by two<\/li>\n<\/ul>\n

    Losses – licensee owners<\/strong><\/p>\n

      \n
    • Rhombus Enterprises down by 18, the week’s largest single move<\/li>\n
    • ART Group Services (Australian Retirement Trust) down by 15 and Sequoia Group down by 13 (InterPrac), the latter continuing its year-long decline to 157 leaving 125 at the group<\/li>\n
    • Mancell Family Trust (FYG Planners) down by nine and CHPW Financial down by seven<\/li>\n
    • Morgans Group down by five, with Count Limited and WT Financial Group each down by four<\/li>\n
    • Thereafter, three firms losing three each, six losing two each and 52 losing one each<\/li>\n<\/ul>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      The number of financial advisers in Australia has fallen below the 15,000 mark, with the latest count sitting at 14,984 after hitting 14,899 at the close of the financial year. The figures, compiled by industry analyst Colin Williams of Padua Wealth Data, show a net loss of 112 advisers during the latest reporting week. However, […]<\/p>\n","protected":false},"author":23,"featured_media":83094,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7734,3],"tags":[],"class_list":["post-83092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/83092","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=83092"}],"version-history":[{"count":2,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/83092\/revisions"}],"predecessor-version":[{"id":83095,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/83092\/revisions\/83095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/83094"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=83092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=83092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=83092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}