Premium Analytics · AFSL Flow · Sample
PSC Connect AR Flow Analysis Sample
48 months of AR movement in and out of PSC Connect.
Key findings01 / 03
What the data shows
5 FINDINGSNet flow, churn, and destination breakdown across the 48-month window.
- PSC Connect lost more than a third of its AR/CAR network over 4 years — 364 ARs in May 2022, 230 by April 2026. A 37% decline, compared to Resilium's 20% over the same window. Steadfast announced it will acquire Resilium and PSC Connect from Envest, integrating both into Ausure — but PSC's decline has been running far longer and far steeper than Resilium's.
- The net loss of 134 ARs understates the churn underneath. 300 ARs left and 163 joined over 48 months. That level of turnover through a ~230–360 person network is significant.
- McLardy McShane — not Ausure — captured the majority of traceable departures. McLardy alone accounts for net −58, or 57% of all traceable moves. Community Broker Network (net −9), Resilium (net −3), and Ausure (net −2) together trail far behind. McLardy was also a major destination for Resilium (net −36 from there), so whatever they're offering has quietly pulled from both Envest networks well before the Steadfast deal was announced.
- July 2025 anomaly: 28 departures in a single month — nearly double any other month in the 48-month window. August 2025 recorded zero. That's the shape of a coordinated exit rather than gradual attrition.
- Unlike Resilium, there's no consistent December/January pattern. Losses are spread across the calendar, with isolated exodus months doing most of the damage.
Flow, animated02 / 03
FIG 01 · PSC CONNECT AR IN/OUT FLOW
MAY 2022 → APR 2026
Source & method03 / 03
Data notes
Movement matching is inferred from name, AR number, and timing — not tracked directly by ASIC. 66% of departures couldn't be matched to a specific destination, so the full picture is incomplete. Source: ASIC Financial Advisers Register, May 2022 → April 2026.
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