The number of financial advisers has stabilised above the 15,600 mark as 2023 comes to an end, while Wealth Data confirms AMP now leads as the largest licensee.

ASIC has announced the results from the 23rd Financial Advisers Exam cycle held in November, following August’s highest pass mark of the year.

The Federal Court has appointed two corporate receivers of Brite Advisors to investigate the $1 billion client pension funds under its management since its assets were frozen.

AMP has revitalised its Jigsaw Advice Solutions business to provide expanded add-on services to self-licensed financial advisers, ranging from AFSL set-up to revenue management.

TAL’s three Professional Year initiatives successfully encouraged new entrants into the financial advice industry throughout 2023, including 16 candidates completing their PY through its PY Manager program.

Delayed gratification from companies which had produced strong results in October provided sharp share price rises for the Munro Global Growth Fund last month.

2023 has been a year of mergers and acquisitions for licensees as firms take advantage of the improved landscape for financial advisers.