Smaller licensees boast more experienced advisers | Australian Markets

Financial advisers who’re self-licensed or practising below the smallest licensees are typically more experienced, in keeping with new evaluation from WealthKnowledge.

WealthKnowledge principal, Colin Williams stated that 81.3% of advisers working below single AFSLs have more than 10 years’ expertise and this was the case the place two advisers labored below an AFSL

“At the other end of the spectrum, 6,039 advisers are authorised at AFSLs that have 100 or more advisers. This represents 39.28% of all advisers,” he stated.

“The number of AFSLs is 30 which is only 1.58% of all AFSLs. The experience level is the third highest with 70.8% having 10 years or more experience.”

Key Adviser Movements for This Period

• Net change of advisers +9
• Current quantity of advisers 15,373
• Net Change Calendar 2025 YTD (-100)
• Net Change Financial YTD (2025/26) +195
• 29 Licensee Owners had web beneficial properties of 43 advisers
• 22 Licensee Owners had web losses for (-36) advisers
• 1 new licensee and two ceased
• 14 new entrants
• Number of advisers energetic on this period, appointed / resigned: 103.

Growth – Licensee Owners

• Entireti & Akumin Group up by web seven, this included six shifting throughout from Interprac which is owned by Sequoia. Note: The group additionally moved some 15 advisers from its Fortnum Private Wealth Ltd AFSL to its Fortnum Advice Pty Ltd AFSL.
• Three licensee homeowners up by web three:
  • Rhombus Advisory with two new entrants and one adviser coming back to advice after a long break
  • Lifestyle Asset Management with two advisers shifting throughout from Picture Wealth and one coming back into advice after a break of a number of months.
  • Anthony William Borg (Navigate Manly Pty Ltd) with advisers leaving Akumin Financial Planning
• Integrity Financial Planners up by two with one new entrant and one other coming back into advice after a break of some 5 years
• Centrepoint Group additionally up by two after hiring three advisers, one a new entrant, one from Advocate Advisory and one from Paragem, and shedding one adviser to Templestone
• A tail of 23 licensees up by web one together with Oreana Financial, Lifespan and Canaccord.

Losses – Licensee Owners

• Sequoia Group down by 5, after shedding six to Entireti as talked about above and gaining one adviser who has come back into advice after a break of a number of years
• Australia Pacific Funds Management down by three
• NTAA additionally down by three
• Six licensee homeowners down by two:
  • Count Limited, shedding 4 advisers and gaining two. One gained from Fortnum Private Wealth and the opposite is an adviser coming back after a break of 12 months
  • Infocus, with one shifting to Personal Financial companies owned by Entireti & Akumin Group and the opposite but to be appointed elsewhere
  • Janus Financial, Ord Minnett , Politis Investment and Valor Financial Group all shedding two adviser every and none appointed elsewhere so far.
• A tail of 13 down by web one every together with Morgan Stanley, Togethr Trustees and Unisuper.