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An increase in the number of new advisers entering the sector since the back half of 2022 has helped licensees battle adviser attrition. According to Wealth Data, there was a net loss of six adviser
Despite heavy losses in adviser numbers throughout 2022, there has been further growth to begin 2023. According to Wealth Data, there was a net loss of six advisers over the week to 19 January, wi
The number of financial advisers has grown for the third week in a row, bringing the total growth for the financial year to date to 170, according to Wealth Data.
The overall drop in adviser numbers this week was driven by AMP Group which saw one of its practices moving to Fitzpatricks although 27 licensees saw gains.
It looks like the pace of advisers existing the industry has stabilised, with a net change in adviser numbers having been pushed into a positive territory for the second week in a row.