Yeah, nah on prodigal advisers | Australian Markets

More than 190 financial advisers have left the financial advice occupation over the past two years solely to make the choice to re-enter, in keeping with the latest evaluation from WealthData principal, Colin Williams.

Williams has in contrast adviser numbers for the period January to April for 2024 and 2025 and has noticed that a vital quantity of advisers have determined to re-enter the occupation, typically after many months and even years.

He famous that there had been more growth in 12 months so far phrases in 2025 than was the case final 12 months, however famous that general numbers had remained largely static.

“What is of interest is that the number of advisers current at April 30, 2025 of 15,591 is the exact same as April 30, 2024, i.e. zero growth over the last 12 months,” he stated. “What happened is that we lost 115 advisers from May 1, 2024 to Dec 31 2024 and gained 115 advisers from Jan 1, 2025 to April 30, 2025.”

“A key driver of growth has been new entrants /new advisers who usually begin on the ASIC FAR as provisional advisers. For the 2024 period, 109 advisers (95 nonetheless present), commenced in comparison with 180 for the 2025 period. Data accessible of Dashboard 13 of Licensee Deep Dive Dashboards.

“We have also seen strong numbers of adviser 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,” Williams stated.

Key Adviser Movements For This Period

• Net change of advisers (-9)
• Current quantity of advisers at 15,607
• Net Change Calendar 2025 YTD +131
• Net Change Financial YTD +263
• 26 Licensee Owners had internet beneficial properties of 37 advisers
• 30 Licensee Owners had internet losses for (-42) advisers
• Four new licensees and three ceased
• Five New entrants
• Number of advisers energetic on this period, appointed / resigned: 92.

Growth – Licensee Owners

• A new licensee commenced with 5 advisers who switched from Havana Financial Services owned by O Z Pty Ltd
• Trustee For CCAFP, trading as CCA Financial Planners, gained 4 advisers from Victoria Teachers Limited and this licensee is now down to zero
• Shaw and Partners up by three, the advisers are from Bell Potter and presently nonetheless authorised at Bell Potter.

• Two licensee house owners up by internet two
  • Another new licensee with each advisers shifting from Spark Financial
  • Koda Capital after a shift in motion between their two licensees

• 21 licensees house owners up by plus one together with Count Limited, Morgans and the remaining two new licensees.

Losses – Licensee Owners

• O + Z Pty Ltd (Havana Financial Services, down by 4, as talked about above with advisers beginning their own licensee
• Vitoria Teachers Limited, additionally down by 4 advisers and now down to zero advisers. All 4 advisers switching to CCA Financial Planning
• M Point Superannuation down by three, all three advisers are but to be appointed elsewhere
• Four licensee house owners down by two: ABC Financial Planning, Financial Services Group, NTAA and Private Portfolio Management and none of the advisers affected been appointed elsewhere
• A tail of 23 licensee house owners down by internet one every together with Insignia, Sequoia and Perpetual.