2025 YTD new entrants outpacing last year
There have been strong numbers of returning advisers this year so far, according to Wealth Data, with 191 reported to date.
Since the start of 2025, 180 individuals entering the industry have been new entrants. This compares to 109 during the whole of 2024, 95 of whom are still current on the Financial Advisers Register.
The latest two financial adviser exams have reported a pass rate of 77 per cent in December – the highest in two years – and 73 per cent in March, subsequently helping the number of new entrants into the industry.
Around 60 new entrants have joined the industry since the March exam sitting, with the week of 10 April seeing more than 20 new entrants in one week.
Wealth Data founder Colin Williams said: “We have also seen strong numbers of advisers coming back into advice, sometimes after many months and years of being out of advice.
“For the 2025 period, some 256 advisers have resigned and ceased. After allocating the 180 new advisers, there is still a shortfall of 76 plus the gain of +115 advisers = 191. This is the number of advisers who have come back into advice.
“Many seem to find a way back into advice after a break which is positive.”
He said there are close to a further 4,700 individuals who have passed the financial adviser exam but are not currently practising.
The next adviser exam will be held on 5 June, followed by 7 August and 6 November.
Looking at the weekly numbers for the week to 8 May, there were five new entrants but a net loss of nine advisers, which was a downturn after four consecutive weeks of growth. The current number of advisers stands at 15,607.
Some 26 licensee owners had net gains of 37 advisers and 30 licensees had net losses of 42 advisers.
A new licensee commenced with five advisers who switched from Havana Financial Services, owned by OZ Pty. Trustee for CCAFP, which trades as CCA Financial Planners, gained four advisers from Victoria Teachers Ltd, which is now down to zero.
Shaw and Partners was up by three, while Koda Capital was up by two, and a tail of 21 licensees were up by one, including Count and Morgans.
M Point Superannuation was down by three, four licensees were down by two, and 23 licensees were down by a net of one each.
AUTHOR
Laura Dew
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