This week has seen a second week of minimal losses after an initial New Year spike in losses, although backdated exits mean 2025 losses are now approaching 400.
Padua Wealth Data’s weekly analysis reveals a net loss of nine advisers for the week ending 22 January, bringing the total advisers to 15,136.
After months of speculation over potential exits as a result of the 1 January education deadline, 2026 has started relatively smoothly with the calendar year-to-date (YTD) sitting at a net gain of 50 and the financial YTD at a net loss of just 35.
Meanwhile, backdated adviser exits have seen the net 2025 losses pushed to 387, marking a further 19 exits in this time as licensees update the Financial Adviser Register (FAR). Licensees have 30 days to update the FAR meaning this number could still increase before the end of January.
This week saw 11 new entrants hit the register and three licensees cease operating with no new AFSLs starting up during this period. Some 85 advisers were affected by appointments and resignations.
In the weekly licensee movements, Centrepoint Group saw a net gain of six advisers as four switched over from InterPrac and another joined from Viridian, as well as picking up one of the new entrants.
Rhombus Enterprises was up by net three having also nabbed a new entrant, in addition to having one adviser return from a break and another join from Gallagher Benefit Services.
A tail of 27 licensees were up by net one adviser each, including Templestone Financial, Count Limited and Bombora.
On the flip side, Sequoia continues to struggle with a net loss of seven advisers this week after losing two to Centrepoint’s Alliance Wealth and one to Havana Financial Services. The remaining four are yet to be appointed elsewhere.
SMSF Adviser Network had a net loss of five after six left the licensee and one rejoined following a one-month break.
The Parity Group has lost its final three advisers this week, one of which moved to Connectus AFSL. Hejaz Capital also saw a net three loss, with one each going to Advocate Advisory and Alethia Partners, with the remainder of Hejaz and Parity’s losses yet to be appointed elsewhere.
Strategic Financial Group and Lifespan both saw a net loss of two each, with one adviser joining Avana Financial Services and the rest yet to be reappointed. Meanwhile, Now Financial Group is down to zero advisers after losing its final two, both of which are also not showing as appointed elsewhere yet.
A tail of 21 licensees were down one adviser each, including Entireti and Akumin Group, Industry Super Holdings and NAB Bank.
