Are advisers turning to small licensees?
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This week continued to see advisers moving from larger groups to small licensees as another six licensees, which have at least one new adviser, commenced their operations, according to HFS Consulting.

Using the Australian Securities and Investments Commission (ASIC's) Financial Adviser Register (FAR) the firm's director, Colin Williams, said Midsec Licensing got the largest gain welcoming 11 on board who moved from IOOF's Lonsdale Financial Group.

Following this, ex-Madison practice Hive Group, which traded as Beaulife, came second in terms of adviser gains as it had six advisers join this week.

Another small licensee Lampert Group, which started…
Oksana Patron
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