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There may be a trend for advisers opting to set up their own licence, but those contemplating the change have been warned it is not necessarily the right path for every adviser.
The number of advisers who have joined since the start of the year has risen to 24, according to Wealth Data.
Wealth Data has tallied up the net movement of advisers seen in the financial advice industry during 2023 with only one sub-sector reporting positive growth.
Adviser numbers are off to a good start for 2024 with double-digit gains for the first two weeks of the year, according to Wealth Data.
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