Premium Analytics · Sample
Top 20 GI Broker AFSLs — Race Chart Sample
24 months of AR movement across Australia's 20 largest GI broker networks, animated.
Key findings01 / 03
What the data shows
5 FINDINGSMovement patterns across the top 20 AFSLs over the 24-month window.
- Resilium is in sustained decline — down 137 ARs (−22%) over 24 months, falling in 14 of 23 months. McLardy McShane has overtaken them for #3.
- PSC Connect is shrinking at the same rate — down 82 (−26%), falling in 16 of 23 months. Both networks are being sold by Envest to Steadfast.
- The decline was visible long before the deal. PSC lost access to Steadfast's Client Trading Platform (SCTP) in mid-2023 after leaving the network. AR attrition at both Resilium and PSC Connect accelerated from there — well before the April 2026 Steadfast acquisition was announced.
- CBN dominates but may have peaked — grew from 879 to 1,115 (+27%), but has dropped 26 since hitting a high of 1,141 in Feb 2026.
- McLardy McShane is the steadiest grower — up 175 (+46%), positive in 19 of 23 months. Remarkably consistent.
The race, animated02 / 03
FIG 01 · TOP 20 GI AFSLS BY AR COUNT
MAY 2024 → APR 2026
Source & method03 / 03
Data notes
GI-primary AFSLs only (50%+ broker ARs). Ceased AR records have authorisation flags cleared by ASIC. Term-change cessations excluded by name + date matching. Source: ASIC Financial Advisers Register, April 2026 snapshot.
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