According to Wealth Data, a number of licensees have maintained solid growth from 1 January to 23 March.
Among them, Victorian boutique licensee ASVW Holdings led the way with an increase of six advisers, bringing its total to 37.
Perpetual Group, MWL Group, Fiducian Financial Group, and APT Wealth Holdings were all close behind with a net growth of four advisers each.
Perpetual now has 86 advisers, MWL has 21, Fiducian has 99, and APT has 31.
Wealth Data revealed that there are three groups on the growth list, each with over 200 advisers, including the National Tax and Accountants’ Association (SMSF Advisers Network), which has been hit hard by advisers dropping out due to the FASEA Exam.
As for the biggest losses recorded over the last three months, AMP led the way with 17 advisers exits, followed by Insignia with 15.
With 323 advisers, Sequoia was the largest group overall.
Wealth Data also reported that while there were 101 adviser movements in the week ending 23 March, there was a net loss of only five advisers.
The year-to-date increase in the industry now sits at 49.
Commenting on the data, Wealth Data founder Colin Williams said: “A net loss this week of (minus five) advisers with more activity in the movement of advisers albeit driven by one licensee owner switching advisers to a new associated licensee.”
That licensee was Oracle Investment Group, which moved 33 of its advisers to a new associated licensee this week.
The largest growth by an individual licensee for the week ending 23 March was a new entry to the market that started with five former Sentry advisers.
Sequoia’s adviser count also increased by three, but only one was due to recruitment, while the remaining two were due to the timing of advisers switching from Libertas to InterPrac.
ASVW Holdings increased by three advisers, with all coming from Consultum, while Insignia is up a net of two advisers after hiring three and losing one.
Sambe Investments, Clime Group, and Capstone were among 11 licensee owners that had a net growth of one adviser, while there was also one new licensee that commenced with a single adviser.
AMP Group continued to shed advisers, down a total of five for the week. Diverger also lost three advisers from Merit Wealth, while CBA, Morgans, and Investment Alternatives were all down two advisers each.
Advice Evolution, Count Group, Perpetual, and Morgan Stanley were among 14 licensee owners down one adviser each.
ASVW – 37 advisers, not that many – surely that licensee is struggling with profitability