Adviser numbers declined by 164 in 2024/25 | Australian Markets

At the beginning of 2025 there have been indicators and hopes that financial adviser numbers would possibly get better and rise past 15,500, however the latest evaluation of the Financial Adviser Register knowledge has confirmed such optimism was untimely.

The WealthKnowledge evaluation reveals that the Financial Advisers Register (FAR) at the moment exhibits a complete of 15,364 advisers, which is definitely 109 down on the quantity which was recorded in the beginning of the 12 months.

The higher news, nonetheless, is that numbers have grown by 185 for the reason that begin of the financial 12 months, though this adopted a rash of exits in the run-up to June 30.

WealthKnowledge principal, Colin Williams mentioned he believed the numbers for final financial 12 months had lastly solidified, displaying a internet loss of 163 advisers.

Key Adviser Movements for This Period

• Net change of advisers +9
• Current quantity of advisers 15,364
• Net Change Calendar 2025 YTD (-109)
• Net Change Financial YTD (2025/26) +185
• 31 Licensee Owners had internet beneficial properties of 42 advisers
• 20 Licensee Owners had internet losses for (-32) advisers
• 1 new licensee and 0 ceased. Total new licensees for July at the moment are at 14.
• 16 new entrants
• Number of advisers energetic in this period, appointed / resigned: 74.

Growth – Licensee Owners

• A new licensee commenced with 4 advisers who have been beforehand at Akumin Financial Planning owned by Entireti & Akumin (Details given to members)
• Evans Dixon up by three, all advisers being new entrants
• Endeavor Asset Management additionally up by three, all three advisers are at the moment displaying as additionally being authorised at Australia Pacific Funds Management
• Count additionally up by three with one adviser becoming a member of Count Financial Limited from TCM Financial Services, one becoming a member of Paragem from Latitude Private Wealth and one new entrant becoming a member of GPS Wealth.
• Smith Coffey Group up by internet two, each being new entrants and each authorised at two Smith Coffey licensees (Smith Coffey Pty Ltd and Smith Coffey Securities Pty Ltd).
• ART Group (Australian Retirement Trust), additionally up by two, each advisers coming back after long breaks from advice.
• A tail of 25 licensees up by internet one together with; Viridian Group, Industry Super Holdings and AIA Company.

Losses – Licensee Owners

• Entireti & Akumin Group down by eleven, with 4 leaving to kind a new licensee as talked about above, the opposite seven are but to be appointed elsewhere
• HCM Trading Holdings down by two, neither appointed elsewhere
• Telstra Super additionally up by internet two, neither appointed elsewhere
• A tail of 17 down by internet one every together with Canaccord Group, Picture Wealth and MWL Group who’ve now misplaced seven advisers in the month of July and solely have six remaining advisers.