Fewer advisers does not translate to less ASIC | Australian Markets

There are roughly 10,000 fewer financial advisers working towards in Australia as we speak than the quantity registered in 2019, but that is not being mirrored within the degree of disciplinary motion being pursued by the Australian Securities and Investments Commission (ASIC).

New evaluation from WealthKnowledge means that, at nearly the half-way mark by way of 2025, the quantity of disciplinary actions towards financial advisers is working close to that of 2019.

WealthKnowledge principal, Colin Willaims stated that, so far, in 2025 there have been a whole of 18 disciplinary actions – the very best quantity since 2021 which had a whole of 23.

He famous that 2019 had generated the very best quantity of disciplinary actions at 34 and given the quantity of points underneath scrutiny this 12 months, that quantity may be reached or exceeded.

Williams stated it was price noting that In 2019, the full quantity of advisers on the ASIC Financial Adviser Register was considerably larger than as we speak. 2019 began with 27,925 advisers and ended with 23,495. Currently, there are solely 15,335 advisers on the FAR.

Key Adviser Movements For This Period

• Net change of advisers +16
• Current quantity of advisers at 15,355
• Net Change Calendar 2025 YTD (-117)
• Net Change Financial YTD (2025/26) +155
• Net Change Financial Year 2024/25 (-175)
• 32 Licensee Owners had web features of 43 advisers
• 16 Licensee Owners had web losses for (-25) advisers
• 3 new licensees and nil ceased
• 10 new entrants
• Number of advisers lively on this period, appointed / resigned: 62

Growth – Licensee Owners

• A new licensee commenced with 4 advisers who have been beforehand at Fortnum Private Wealth owned by Entireti & Akumin (Details given to members)
• WT Financial Group with one other good week, up by three together with two new entrants and one adviser coming back into advice after a break of a number of years. WT Financial Group have had the strongest begin of all licensee homeowners for the new financial 12 months, up by +16 advisers
• Five licensee homeowners up by two:
  • Walker Lane each advisers beforehand at ASV Financial Services
  • PKF Wealth Newcastle, each being new entrants
  • A new licensee, advisers beforehand at Advice Loop owned by Dean Financial Group
  • Canaccord Group with each advisers leaving Bell Group
  • Alteris Financial Group with one adviser leaving Australian Financial Freedom and the opposite from The Advice Exchange.
• A tail of 20 licensees up by web one together with; Spark Financial Group, Picture Wealth and Centrepoint.

Losses – Licensee Owners

• Entireti & Akumin Group down by six, with 4 leaving to type a new licensee. Another three have exited however but to be appointed elsewhere and gained one new entrant.
• Bell Financial Group down by two, as talked about above, each becoming a member of Canaccord
• Sequoia Group additionally down by two, neither appointed elsewhere to date.
• A short tail of 11 down by web one every together with Shaw and Partners and Advice Evolution.