adviser numbers

Financial planning

H2 2022 characterised by strong growth in new entrants

Wealth Data has noted the strength of new entrants who have joined the industry in the second half of the year, as 23 provisional advisers join this week....

Financial planning

Volume of advisers’ potential clients rises by 74%

Population growth combined with a shrinking number of advisers means there has been a 74% rise in potential clients available per adviser, while total superannuation per ...

Financial planning

Adviser gains steady after exam fallout

There has been a steadying of adviser numbers this week as it reports gains following initial high numbers of exits after the financial adviser exam deadline....

Financial planning

Adviser numbers fall by 16

There was a net negative change of 16 advisers last week, up from five in the previous week....

Financial planning

The firms bucking the trend of adviser losses

Two firms have been identified as leaders in adviser growth year to date but their gains are dwarfed by adviser losses from large groups. ...

Financial planning

Surprise as industry reports gains after triple-digit falls

Fears of a third week of triple-digit falls have been dispelled after the industry reported net positive change this week....

Financial planning

Industry drops below 16,000 for first time

The industry has reported one of its largest-ever weekly falls as the number of advisers falls below 16,000 for the first time....

Financial planning

Triple-digit loss as unsuccessful candidates exit FAR

There was a triple-digit loss of advisers this week as many who had failed to pass the adviser exam by the 30 September deadline came off the Financial Advisers Register....

Financial planning

Adviser growth ends six weeks of losses

The number of advisers has grown this week, ending six consecutive weeks of adviser losses, while there were record numbers of provisional advisers joining the industry....

Financial planning

The $50k offers firms make to retain advisers

Firms are “going to great lengths” to retain financial advisers, offering them pay rises as high as $50,000 or extra responsibilities to prevent their departure....

Financial planning

Advice industry grows for second week

The number of financial advisers increased this week due in part to most resignations being filed for the previous financial year and most appointments being filed for th...

Financial planning

Adviser exits in single-digits for second week

Adviser exits have fallen for the second consecutive week, from nine exits to five, while 16 provisional advisers commenced....

Financial planning

Industry loses almost 500 advisers in a month

The financial advice profession has lost 89 advisers this week following three consecutive weeks of triple-digit falls to see 499 advisers leave in the last four weeks....

Financial planning

Third week of triple-digit falls

The financial advice industry has fallen by triple digits for the third week in a row, according to Wealth Data, with year to date licensee closures more than double the ...

Financial planning

Adviser departures hit triple figures

Over 100 more advisers have left the industry this week compared to the previous week as ASIC catches up with those who have left due to failing the financial adviser exa...