CBA down to zero advisers on FAR | Australian Markets

After being one of essentially the most dominant entities within the financial advice enviornment for more than a decade, the Commonwealth Bank now has zero advisers on the Financial Adviser Register (FAR), in accordance to WealthInformation.

WealthInformation principal, Colin Williams famous that final week’s completion of the Commonwealth Bank’s sale of its high web price financial advisory business to LGT Crestone had left the massive banking group with out a presence on the FAR.

The transaction noticed 38 workers, together with 18 investment advisers transfer home with the advisers now displaying up underneath the LGT Crestone license.

While the Commonwealth Bank no longer has advisers on the FAR, it continues to maintain a stake in Count Limited.

The motion added to what was a busy week in phrases of the FAR with 101 advisers being appointed or having resigned.

Key Adviser Movements For This Period

• Net change of advisers (-10)
• Current quantity of advisers at 15,592
• Net Change Calendar 2025 YTD +114
• Net Change Financial YTD +247
• 26 Licensee Owners had web features of 51 advisers
• 27 Licensee Owners had web losses for (-64) advisers
• Four new licensees and two ceased
• Eight new entrants
• Number of advisers lively on this period, appointed / resigned: 101.

Growth – Licensee Owners

• LGT Group Foundation ‘recommenced’ their AFSL with 18 ‘Personal Financial Advisers’ after buying the personal wealth business of the CBA. The CBA Group is now down to zero financial advisers.
• Picture Wealth up by three, all being new entrants
• A new licensee commenced with three advisers. I would seem that this firm is within the course of of transferring away from Akumin
• Four licensee house owners up by web two every:
  • United Super, one adviser from Halcyon Wealth management and the opposite coming back into advice after a break of three years
  • Practice Development Group (Godfrey Pembroke), each being new entrants
  • Another new licensee with advisers transferring away from Akumin
  • Advice Evolution with one adviser from Fintegrity Wealth Advisers and the opposite from Lifestyle Asset Management.
• 19 licensees house owners up by plus one together with Solomons Wealth Management, Phillip Alexander and Janus Financial.

Losses – Licensee Owners

• CBA Group, as talked about above, now down to zero advisers after the remaining 19 advisers left the group underneath the deal with LGT Group Foundation
• Count Limited down by six, all leaving Merit Wealth which gives restricted SMSF advice. None of the adviser displaying as being authorised elsewhere.
• Entireti & Akumin Group down by 4, two of the advisers commencing a new licensee and the opposite two but to be appointed elsewhere
• Wongan Enterprises (Plandfarm Marketing), down by 4, none of the advisers being appointed elsewhere to date
• Corey James Wastle (Verse Wealth Licensee Services) down by three, none appointed elsewhere to date
• Northaven Financial additionally down by three. All three switching to a new license that began in March with a related identify
• Four licensee house owners down by two every:
  • Hatmour (Integro) and none of the advisers appointed elsewhere
  • Industry Super Holdings as above, neither adviser but to be appointed elsewhere
  • Rhombus Advisory, one adviser transferring to CCAFP Wealth and the opposite but to be appointed.
  • Spark Partnership and each advisers but to be appointed elsewhere
• A tail of 17 licensee house owners down by web one every together with Koda Capital, Sequoia, and Shartru Wealth Management.