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)
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
Australian car buyers have been given a fresh reminder this month that a low advertised interest rate is only one part of the finance decision. Canstar’s July 2026 car loan comparison update shows secured car loan offers starting from 5.67% for a $50,000 loan over five years, with MoneyPlace and Stratton Finance both appearing at that headline rate in the snapshot. - read more
Australian car buyers have a fresh reminder this week that the lowest advertised rate is not always the same as the cheapest loan. Canstar’s latest July 2026 car loan comparison update shows secured car loan offers starting from 5.67% for a $50,000 loan over five years, with MoneyPlace and Stratton Finance both appearing at that headline rate in the snapshot. However, their comparison rates differ, underlining why the total loan cost needs closer attention. - read more
A new Australian Finance Industry Association report, released on 5 June 2026, highlights how important non-bank lenders have become in the vehicle finance market. According to the report, motor finance non-bank lenders helped 507,000 consumer and commercial customers buy vehicles in 2025, providing $24.4 billion in loans. By the end of that year, their active loan books were worth $53 billion. - read more
In May 2026, electric vehicles (EVs) achieved a significant milestone in Australia, accounting for 20% of all new car sales. This development indicates a substantial shift in consumer preferences towards more sustainable transportation options. - read more
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant concerns regarding lending practices. This examination has highlighted issues such as exorbitant establishment fees and a troubling rate of early loan defaults, raising questions about the adequacy of current lending standards. - read more
In a remarkable development, electric vehicle (EV) financing in Australia has experienced a 48% year-on-year increase, even as the overall motor finance market saw a 3% decline. This data, released by the Australian Finance Industry Association (AFIA), underscores a significant shift in consumer preferences towards sustainable transportation options. - read more
The Reserve Bank of Australia (RBA) has implemented three consecutive rate hikes in 2026, bringing the official cash rate to 4.35%. With the next RBA board meeting scheduled for 16 June, borrowers across Australia are keenly awaiting potential further changes and their implications. - read more
Stepping into the world of self-employment can be a profoundly liberating experience, offering greater flexibility and the potential for financial independence. However, when it comes to securing finance for substantial purchases like a vehicle, self-employed individuals may face unique hurdles. Traditional lenders often favor those with a stable employment history and regular income statements, which can put the self-employed at a disadvantage. - read more
Welcome to Things You Wish You Knew Before Buying a Car – the ultimate guide to understanding car financing.For a limited time, you can download a free copy of this valuable resource. Our retail price for the eBook is AUD $19.95, but we're offering it to you for free – no strings attached! Click to Download Free - read more
Is it that time of the year again when your car insurance is up for renewal? Often, it comes as a reminder in the mail or a notification from your insurer. But instead of instinctively renewing your existing policy, let's pause and explore the underrated benefits of a periodic insurance review. Taking the time to scrutinize your policy could unveil potential savings and align coverage with your current needs. - read more
Welcome to The Ultimate Guide to Fast Track Your Car Loan in Australia, designed to help you navigate the exciting journey of buying a car for the first time. Buying a car is a significant milestone, and securing the right finance can make all the difference. - read more
When it comes to car loans, one of the first things you need to determine is your budget – how much can you afford to borrow and still comfortably make your monthly car loan repayments? - read more
The cost of buying a car is a major financial commitment, so it's important to consider all of your options before making a purchase. In this article, we look at some of the pros and cons of the most common car financing options, including leasing, hire purchase and paying cash, and what difference it makes whether you are buying a new or used vehicle. - read more
Knowledgebase
Mortgage: A loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years.
No comments yet. Be the first to share your thoughts.