Which licensees have stood out from the pack in the last two years?



Just two licensee groups, Centrepoint Alliance and Lifespan Financial Planning, have seen a net positive change in adviser numbers since the second half of 2021, according to research.
The figures by Wealth Data have looked at changes in adviser numbers by licensee between 1 July 2021 and 30 June 2023.
As of 30 June 2023, taking into account appointments and resignations, Centrepoint Alliance had a net change of 12. It had the third-highest number of authorised representatives (ARs) – 510 ARs – and saw 172 appointments and 160 resignations.
Meanwhile, Lifespan Financial Planning had 255 ARs, 76 appointments, and 71 resignations for a net change of 5.
The research found that overall, Insignia Financial had the highest number of authorised representatives (AR) of 975. It also had the highest net change (-457) from 196 appointments and 653 resignations.
With 246 ARs, NTAA saw the second-highest net change of -420 from 25 appointments and 445 resignations.
This was followed by AMP, which had 901 ARs, 145 appointments and 528 resignations that translated to a -383 net change.
Wealth Today, which had 428 ARs, had 93 appointments and 303 resignations (-210 net change) and Diverger, which had 396 ARs, 92 appointments, and 233 resignations (-141 net change).
Sequoia Wealth Management saw a net change of -38, with 107 appointments and 145 resignations.
CountPlus (now Count Limited) had 378 ARs, 132 appointments, and 161 resignations for a net change of -29.
Meanwhile, Capstone Financial Planning had the smallest negative net change of -3, with 71 appointments and 74 resignations.
There are currently 15,700 advisers as of 31 August 2023, a net change of -12 for the week and -99 for the calendar year to date according to Wealth Data.
In the new financial year to date, there has been a net change of +134.
Recommended for you
As ASIC looks to publish firm-level data on the internal dispute resolution regime, a compliance professional has warned it could have unintended consequences, such as under-reporting.
Selfwealth’s acquirer, Syfe Group, has said the firm is hopeful of opportunities from the mass affluent population as it believes a gap exists between DIY brokerage and financial advisers.
Rose Partners, which has a strategic partnership with AZ NGA, has purchased an advisory and accounting business based in Queensland to drive its expansion.
Having already completed three major sales, Iress has announced its latest divestment following a strategic review conducted during its transformation program.