Will EOFY bring net loss of advisers? | Australian Markets

The quantity of advisers on the Financial Adviser Register has remained beneath 15,600 for one more week with the loss of a additional seven advisers and forward of an anticipated outflow to mark the top of the financial yr.

According to the latest evaluation from WealthData, there are actually 15,585 advisers on the FAR, down from more than 15,600 throughout the opening months of 2025.

WealthData principal, Colin Williams famous that the strategy of the top of financial yr would bring with it volatility with some advisers making business and careers selections.

He described the previous week as having been comparatively quiet, with advisers numbers on the FAR down by seven, however with 4 new licensees and 5 new entrants showing on the FAR for the primary time.

Looking on the possible consequence for the top of financial yr, Williams pointed to previous expertise not that from Jun 15, 2024 to June 30, 2024, i.e. the final two weeks of June 2024, net quantity of advisers dropped by (-248).

For the earlier period in 2023, the numbers dropped by (-225).

“Currently, financial year to date is up +240, so it is not impossible that the gains so far could be wiped out by June 30,” Williams mentioned.

Key Adviser Movements For This Period

• Net change of advisers (-7)
• Current quantity of advisers at 15,585
• Net Change Calendar 2025 YTD +107
• Net Change Financial YTD +240
• 17 Licensee Owners had net positive factors of 18 advisers
• 21 Licensee Owners had net losses for (-27) advisers
• Four new licensees and three ceased
• Five new entrants
• Number of advisers lively on this period, appointed / resigned: 55.

Growth – Licensee Owners

• Morgans Group up by two advisers, one being a new entrant the opposite shifting throughout from QInvest, owned by Australian Retirement Trust
• 16 licensees homeowners up by plus one, this included all 4 new licensees, Lifespan and Oreana.

Losses – Licensee Owners

• The Trustee for GWK (Williams Halll Chadwick Licensing) down by 4. None exhibiting as being appointed elsewhere. This licensee typically offered restricted SMSF advice and now has zero advisers
• Financial Services Group Australia – down by two and in addition down to zero advisers. Both advisers not appointed elsewhere. This licensee has now misplaced all 12 advisers during this calendar yr.
• Insignia additionally down by two – each from Bridges. One has been appointed at Lifespan and the opposite is but to be appointed.
• Pilat Investments additionally down by two, each advisers shifting to a new licensee that commenced earlier this yr.
• 17 licensee homeowners down by net one every together with Findex Group, Sequoia and Viridian.