Boat Loans Australia :: News

Share this news item!

Financial Adviser Head Count Sees Marginal Gains

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The landscape of financial advisers in Australia continues to be dynamic with numbers showcasing a slight growth after a period of declines.

In the latest analysis by WealthData, Australia faced a modest net increase of 39 financial advisers this week, coming off the Financial Adviser Register (FAR).

Despite the recent uptick, the overall trend for the calendar year remains concerning. WealthData's principal, Colin Williams, highlighted that many advisers previously counted among the fiscal year's large exits have returned under new licenses. This movement has somewhat cushioned the overall number, bringing active financial adviser registrations to 15,469 as of now.

Interestingly, since the beginning of the financial year on July 1, there have been 41 new advisers registered, including the 21 additions from the past week. These recent figures indicate a potential reversal in the downtrend, though the calendar year's net loss of 148 advisers can't be overlooked.

Weekly Adviser Activity Overview

Net change of advisers: +39
Total number of active advisers: 15,469
Year-to-date net change for 2024: -148
This financial year's net change: +121
Net change for the last financial year (2023/24): -211
39 Licensee Owners achieved net gains amounting to 54 advisers
12 Licensee Owners faced net losses, losing 13 advisers
Two licensees commenced operations, while one ceased
21 new advisers entered the scene
Total advisery movements (appointments/resignations): 74 (down from last week's 246)

Licensee Owner Growth Highlights

Certain licensee owners experienced appreciable gains this week. Insignia Group stands out with a net increase of seven advisers; five being new entrants while the remaining two transitioned from Alliance Wealth and internal positions within Insignia.

AvalonFS showed a net increment of six advisers. However, it's noteworthy that all six had ceased operations toward the end of June but were reinstated in the beginning week of July.

Other notable movers include:

New licensee onboarding advisers from Advice Evolution
Pitcher Partners Brisbane: gained two new entrants
Philborne Pty Ltd (Dirigere Advisory): added one adviser each from Zebra Financial Services and Fortnum
Bell Financial: inducted two new advisers

Additionally, a broad spectrum of 33 other licensee owners saw a net growth of one adviser each, including firms like Fortnum, Centrepoint, and Capstone.

Licensee Owner Losses This Week

On the flip side, there have been notable declines within certain major licensee owners:

AMP Group saw a dip by two advisers; one new adviser joined from Godfrey Pembroke, but this gain could not offset three other advisers ceasing their affiliation (backdated to June).
A group of 11 licensee owners, including prominent names like Findex Group, Infocus, and Morgan Stanley, observed a net loss of one adviser each, including the one licensee that completely wound down.

The ever-evolving adviser landscape reflects the broader shifts and disruptions within the financial advisory sector in Australia. It will be crucial to monitor if trends reverse sustainably or if the industry continues to navigate these turbulent waters. (Source: WealthData)

Published:Saturday, 13th Jul 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Delays in Australia's Strategic Fleet Raise Maritime Security Concerns

16 Mar 2026: Paige Estritori

The Australian government's plan to establish a strategic fleet of Australian-flagged ships has encountered delays, raising concerns about the nation's maritime resilience and security. The initiative, designed to bolster Australia's shipping capabilities and provide vessels for crises, emergencies, or defence support, has missed its initial deadlines, prompting industry experts to highlight growing vulnerabilities in trade and national security. - read more

Club Marine Introduces Insurance Coverage for Race Boats

08 Mar 2026: Paige Estritori

Club Marine, Australia's leading boat insurance provider, has unveiled a new insurance policy tailored specifically for race boats during storage and transit. This initiative aims to support participants in the Australian Offshore Superboat Championship by offering coverage for accidental loss, damage, theft, or malicious damage while the boats are on land and on their trailers. - read more

Seavolt and d'Albora Marinas Establish Electric Boat Charging Network

08 Mar 2026: Paige Estritori

In a significant move towards sustainable boating, Seavolt, an Australian marine charging firm, has partnered with d'Albora Marinas to launch the country's first DC fast-charging network for electric boats. This collaboration addresses the growing demand for eco-friendly marine solutions and positions Australia at the forefront of the global electric boating movement. - read more

BIA and AFTA Unite to Strengthen Australia's Boating and Fishing Sectors

08 Mar 2026: Paige Estritori

In a landmark move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more

Marinas26 Conference to Highlight AI's Transformative Impact on Marina Operations

28 Feb 2026: Paige Estritori

The Marina Industries Association (MIA) has unveiled the comprehensive program for Marinas26, its biennial conference and trade exhibition, scheduled for 24-27 May 2026 at the RACV Royal Pines Resort on Queensland’s Gold Coast. Embracing the 'Future Smart' theme, the event aims to delve into emerging trends and technologies poised to reshape the marina and boatyard sector across the Asia-Pacific region. - read more

Major Banks Respond to RBA's Interest Rate Hike with Loan Rate Increases

28 Feb 2026: Paige Estritori

In a significant move, the Reserve Bank of Australia (RBA) has increased the cash rate by 0.25 percentage points to 3.85%, marking the first rate hike in over two years. This decision has prompted major banks, including the Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and ANZ, to adjust their loan interest rates accordingly. - read more

Click for more Finance News

Boat Loans Articles

Unlocking Boat Ownership: Key Documents for Your Loan Application

Owning a boat is a dream for many Australians. The idea of spending serene weekends on the water or embarking on exciting fishing trips is undeniably appealing. However, turning this dream into reality often requires financial support in the form of a boat loan. Understanding the intricacies of financing your boat is a critical first step on this journey. - read more

Important Things to Consider When Buying a Boat in Australia

Buying a boat is a considerable investment and should be approached with care and attention to detail. It's a big decision because it requires not only a significant financial commitment but also a commitment to the upkeep and maintenance of the vessel. It's essential to consider your needs and intended use, as well as factors like size, type, and condition when making your decision. - read more

Tips for Boaters: Understanding Fixed vs Variable Interest Rates

When you're embarking on the adventure of buying your first boat, understanding interest rates becomes crucial. But what are interest rates exactly? In the context of loans, they represent the cost of borrowing money, expressed as a percentage of the loan amount. Essentially, it’s the price you pay for the financing that makes your dream of boat ownership a reality. - read more

The Benefits of Getting Preapproved Boat Finance for Australians

If you're in the market for buying a boat, then it's crucial to familiarize yourself with preapproved boat finance. Unlike typical boat loans where you apply for financing after you've decided on a boat, preapproval allows you to secure finance before you start shopping. This gives you peace of mind and greater control over the buying process, ensuring no surprises or delays arise along the way. - read more

Nautical Know-How: Your Ultimate Pre-Boat-Purchase Checklist for Smooth Sailing

Ahoy, future mariners! The allure of the open seas and the joy of sailing on your very own vessel is a dream that many Australians hold close to their hearts. Whether you envision leisurely cruises along the coast or adventurous voyages into the deep blue, the prospect of buying a boat ignites a sense of excitement and freedom that's hard to match. - read more

3 Things to Avoid When Buying a Used Boat in Australia

Buying a used boat can be an exciting adventure, but it can also be a daunting task. It's important to remember that purchasing a high-quality used boat is crucial for your safety and enjoyment on the water. Australia's vast coastline and numerous waterways make it a prime location for boating enthusiasts, but with so many options available, it's easy to fall into common traps. - read more

Start Here

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase

Option:
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.

Financial Adviser Head Count Sees Marginal Gains