Astute Financial Management posted the other significant decline, down a net 65 reps, largely due to the wind-down of its Centrepoint Alliance Lending licence, which fell from 65 reps to just seven.
By percentage change, SFG led the field at +3.1%, ahead of Connective (+2%) and Mortgage Choice (+1.9%), while Astute’s 15% contraction was the largest relative fall, magnified by its smaller starting base.
Across the top ten as a whole, gross resignations (959) outpaced appointments (853) for a second consecutive quarter, pulling the combined headcount down from 17,854 to 17,748 – a trend the report’s authors say will make Q3 2026 worth watching for signs of whether the softening is temporary or the start of a longer slowdown.