adviser numbers

Financial planning

Female advisers comprise less than a quarter of the profession

According to Wealth Data, less than a quarter of all financial advisers on the ASIC FAR are women, with the accounting and super fund business models having the highest n...

Financial planning

NextGen adviser numbers plummet

Following a loss of 23 advisers over the last two weeks, the licensee’s current adviser numbers sit at just 20 compared to more than 120 in 2019, Wealth Data reports....

Financial planning

Sequoia’s adviser network grows amid fallen results

The firm’s licensee services business was a “standout” despite weaker results in FY23, says CEO Garry Crole, with attracting existing advisers a key focus in this financi...

Financial planning

Micro-AFSLs v large licensees: who leads the way?

There are 300 more micro-AFSLs this year than in 2019, but the majority of advisers still work at large licensees with more than 100 advisers. ...

Financial planning

Experienced advisers stand firm as younger peers fold

Almost half of the advisers who have departed this year have been in the industry for less than 10 years while older advisers are pinning their hopes on the experience pa...

Financial planning

AMP falls below 900 advisers

AMP has fallen to less than 900, according to Wealth Data, some 10 months after dropping below the 1,000 milestone....

Financial planning

Jones believes industry can return to 30k advisers

Minister for Financial Services, Stephen Jones, believes the industry can return to 30,000 advisers but new pathways are needed as it is unrealistic to expect people to w...

Financial planning

The sole business model to see positive growth

The financial planning-accounting business model is the only one to have seen growth in its adviser numbers since 1 July 2022, according to Wealth Data....

Financial planning

How many advisers exited in FY22–23?

Wealth Data has shared how many advisers left the industry in the last financial year and how they compare to the previous financial year....

Financial planning

Advisers ceasing at twice the rate of new entrants

The number of advisers who have ceased during 2023 is at 365, more than double the new entrants over the same period, and could approach 900 by the end of the year if the...

Financial planning

Count reports net loss of five advisers

There was a double-digit loss of advisers last week with much of the weekly movement seen at licensee Count....

Financial planning

Adviser number see first quarterly rise since 2018

Adviser numbers saw a quarterly rise for the first time in five years, according to the latest Musical Chairs report from Adviser Ratings....

Financial planning

How many more adviser departures could the industry see?

Data from the latest Adviser Ratings’ Landscape Report of adviser sentiment has found there could still be thousands more exits over the next few years as a question mark...