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Wealth Data also showed that licensees with 100 or more advisers was made up of only 37 licensees (1.76%) of all licensees, but they represented 8,910 (45.64%) of all adviser roles.  
Meanwhile, at the other end of the spectrum, there were 777 single adviser licensees which accounted for 36.91% of all licensees but only 4.01% of all adviser roles. 
By comparison,
Money Management’s 2020 TOP Financial Planning Groups research found that over the last five years the total number of the Australian financial services license (AFSL) holders rapidly went up from 1,200 in 2015 to around 2,100 in 2020. 
At the same time, the percentage of groups that had between two and 10 active planners grew to 51% against 46% in 2018.

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