Wealth Data

Financial planning

Financial planning peer group the only segment with new licensees

Adviser numbers have stabilised this week at 17,249 with all new licensees that were launched belonging to the financial planning peer group. ...

Financial planning

Fewer advisers switching licensees

This week saw another decline in adviser numbers, driven by AMP and Insignia, with fewer advisers switching to new licensees. ...

Financial planning

Support needed to encourage advice firms to hire

While 2022 is showing the continuation of a surge of new advisers, it is not enough to offset those leaving the industry, according to Wealth Data....

Financial planning

Adviser numbers fall back again

After two more optimistic weeks, the total number of advisers fell again this week to 17,282, according to Wealth Data....

Financial planning

Another positive week for adviser numbers

It looks like the pace of advisers existing the industry has stabilised, with a net change in adviser numbers having been pushed into a positive territory for the second ...

Financial planning

Industry loses over 300 advisers in a week

The number of advisers slipped by a further 319 in a single week, bringing the overall number to 17,282 and in line with the forecast, according to Wealth Data, but provi...

Financial planning

More small licensees to be closed down

Small licensees are further expected to close in the coming weeks with the number of advisers expected to reach between 15,000 and 16,000 this year, according to Wealth D...

Financial planning

Licensees lag with reporting adviser numbers

While adviser numbers continued to decrease this week, it was at a slower pace than anticipated as many licensees are yet to report their data to the corporate regulator....

Financial planning

Over 600 advisers have left industry since December

The net change in adviser numbers between 23 December and the second week of January was 603, with that number expected to grow further in the weeks ahead....

Financial planning

Adviser losses disappointing but not unexpected

The financial advice industry is finishing the year with a loss of 2,189 advisers, however the worst is yet to come, according to Wealth Data....

Financial planning

How many advisers will be there in 2022?

Over 1,300 advisers are expected to drop off the Australian Securities and Investments Commission’s register between now and the start of the next year....

Financial planning

Over 2,000 advisers left industry year to date

The first week of December sees heavy losses again in adviser numbers with a net change of advisers of over 120 while the net losses for the year stood at 2,062, accordin...

Financial planning

What advice are most advisers giving?

Most advisers are either giving superannuation and managed investments product advice but there are 200 advisers on the corporate regulator’s register that should not be ...