In a relatively quiet week, the net number of advisers increased by six. Seventeen new entrants (new advisers) joined the ASIC Financial Adviser Register (FAR), indicating that 11 experienced advisers ceased to create the net gain of six.

No new licensees commenced and none ceased. A total of 53 advisers affected by either resignation of appointments.

Key adviser movements for this period

• Net change of advisers +6
• Current number of advisers 15,446
• Net change calendar 2025 YTD (-26)
• Net change financial YTD (2025/26) +274
• 25 licensee owners had net gains of 26 advisers
• 20 licensee owners had net losses for (-21) advisers
• Zero new licensees and zero ceased
• 17 new entrants
• Number of advisers active in this period, appointed / resigned: 53.

Growth – licensee owners

• Arrive Capital gained two advisers, both new entrants
• A tail of 24 licensee owners up by net one including Viridian, Rhombus, Perpetual and Count Limited.

Losses – licensee owners

• Oracle Investment Group down by two and both advisers have not appointed elsewhere to date.
• A long 19 Licensee owners down by one each including Industry Super Holdings, Insignia and Koda Capital.

2025 Quarter three analysis

The quarter from July 1 to September 30 2025 was a solid quarter in terms of net growth and new entrants. What may surprise is that many of the large financial advice firms posted solid growth.

The analysis covers off net growth, new entrants, new licensees and highlights firms with strongest and least growth over the quarter.

The data from July 1, 2025 to September 30, 2025 highlights the following:

• Adviser net change of +256 which is significantly greater than the same period in 2024 which was +161
• The number of current advisers as of September 30 is 15,428, which is less than for September 30, 2024 which was at 15,501
• 24 new licensees commenced, which is below the +36 that started in the same period last year
• (-21) licensee ceased (down to zero advisers), very similar to the same period last year which was (-20)
• WT Financial Group had the biggest gain in adviser numbers, up by 24 to be at 526 advisers. Guideway Financial Services at 12, followed by Count Limited at 11 and Rhombus at 10. Lifespan and Centrepoint at 9 each
• Interesting to note that five of the six biggest gainers were large licensee owners, with four offering multiple licensees under their ownership
• Out of 24 new licensees, 12 had just one adviser, and five shared the highest number with four advisers each
• As for largest losses, MWL Group down by (-10), followed by Sequoia at (-8) and AD Financial Services at (-6)
• Of the 21 licensees that closed, 14 had just one adviser. The biggest loss was MWL Financial Services with 11 advisers
• 2025 calendar year to date to Sep 30, 2025, net change of advisers at (-44) versus (-120) for the same period in 2024.

New entrants and resignations

• 195 new entrants commenced and 194 are still active (as of today’s data). For the same period in 2024, 213 commenced and currently 195 are still practicing
• Since the start of 2024 to Sep 30, 2025, 937 new entrants have commenced and 875 are still practicing
• 189 advisers have resigned and ceased (no longer practicing)

Note: 189 advisers have stopped, and 194 have started (and are still active). But overall, adviser numbers grew by 256. This shows many advisers who previously ceased have returned to advising.

As is usual over the financial year period, some advisers left one licensee in June and joined another in July, which temporarily raises the July numbers. Still, each week, many advisers return to advice after being inactive for months or even years according to ASIC FAR records.