FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Boat Loans Australia
financing your boating dreams
Boat Loans Australia :: News
SHARE

Share this news item!

Financial Adviser Head Count Sees Marginal Gains

Financial Adviser Head Count Sees Marginal Gains

Financial Adviser Head Count Sees Marginal Gains?w=400

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

Marinas26 Conference to Highlight AI's Transformative Impact on Marina Operations
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
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
Luxury Yacht Segment Thrives Amidst Performance Boat Market Fluctuations
Luxury Yacht Segment Thrives Amidst Performance Boat Market Fluctuations
28 Feb 2026: Paige Estritori
The latest Q4 2025 Marine Market Report reveals a notable divergence in the Australian marine industry, with the luxury yacht segment experiencing significant growth, while the performance boat sector faces considerable volatility. - read more
Delays in Australia's Strategic Fleet Tender Raise Maritime Security Concerns
Delays in Australia's Strategic Fleet Tender Raise Maritime Security Concerns
20 Feb 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
Artificial Intelligence Sets Course for Maritime Competitiveness in 2026
Artificial Intelligence Sets Course for Maritime Competitiveness in 2026
20 Feb 2026: Paige Estritori
The maritime industry is undergoing a significant transformation in 2026, driven by advancements in artificial intelligence (AI), data analytics, and cloud collaboration. These technologies are reshaping ship design, operations, and sustainability, setting the stage for a new era of maritime competitiveness. - read more
Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park
Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park
12 Feb 2026: Paige Estritori
The Boating Industry Association Ltd (BIA) has officially announced that the 2026 Sydney Boat Show will take place at the Sydney Showgrounds at Sydney Olympic Park from Thursday, 30 July to Sunday, 2 August 2026. This four-day event is set to expand following the success of its debut in 2025 and strong interest from the industry. - read more
Click for more Finance News


Boat Loans Articles

The Ultimate Checklist for a Hassle-Free Loan Application Process
The Ultimate Checklist for a Hassle-Free Loan Application Process
Navigating the financial path to securing a dream can be a thrilling journey. For many, the aspiration to own a boat and sail the picturesque waters of Australia is a dream intensely pursued. Yet, the wake of excitement is often trailed by the complexity of financial planning. - read more
Nautical Know-How: Your Ultimate Pre-Boat-Purchase Checklist for Smooth Sailing
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
Boat Maintenance on a Budget: A Seasonal Checklist for Every Owner
Boat Maintenance on a Budget: A Seasonal Checklist for Every Owner
Owning a boat is a dream for many Australians, offering the freedom to explore our stunning coastlines and inland waterways. However, with that dream comes the reality of maintenance costs that can quickly add up if not carefully managed. Budget-friendly boat maintenance is key to ensuring you can enjoy your vessel without breaking the bank. - read more
Financing Your Dream Boat? Here's What You Need to Know about Insurance
Financing Your Dream Boat? Here's What You Need to Know about Insurance
Purchasing your dream boat brings with it a rush of excitement and a sense of freedom unparalleled by the confines of land. Whether you envision serene days sailing crystalline waters or action-packed fishing adventures, owning a boat provides an escape to a world of aquatic possibilities. As you prepare to navigate the open seas or tranquil lakes, it's crucial to consider not just the wind in your sails, but also the protection of your new vessel. - read more
The Benefits of Pre-Approved Boat Financing
The Benefits of Pre-Approved Boat Financing
Pre-approved boat financing is an initial green light from a lender indicating that you are eligible to borrow up to a certain amount of money for the purchase of a boat. This process involves a preliminary assessment of your creditworthiness, usually before you start shopping for your new vessel. - read more
Building a Strong Boat Financing Application: Tips and Tricks for Australians
Building a Strong Boat Financing Application: Tips and Tricks for Australians
When it comes to purchasing a boat, most individuals require some form of financing. To secure the best possible loan terms and increase the chances of approval, it is essential to build a strong boat financing application. This article will provide tips and tricks specifically tailored for Australians on how to create a compelling application that stands out to lenders. - read more


Start Here

START HERE.

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


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

Knowledgebase
Bond:
A fixed-income investment in which an investor loans money to an entity that borrows the funds for a defined period at a variable or fixed interest rate.


Quick Links: | Boat Loan Finance | Boat Financing Options | Marine Finance | Boat Loan Rates | Boat Loan Calculator | Boat Loan Comparison | Boat Loan Lenders | Boat Loan Terms | Boat Loan Approval | Boat Loan Application | Boat Loan Interest Rates



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | SITEMAP |
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.