Wealth Network League Table - 2026 Q2
For more information on networks click Network Directory below
Click league table to view full size.
The data source for the table below is the FCA register and was correct at 2nd July 2026.
It illustrates the movement of Appointed Representative firms for each network over the period 1st January 2026 to 30th June 2026.
It is prioritised by total number of AR Firms, adviser numbers for this table only include advisers with permissions to conduct retail investment and pension advice.
The size of a network does not mean they will be best for you. If you’re looking for a network, please get in touch and let us help find the best one for YOU.
* Denotes networks with multiple networks under one brand.
** Denotes adviser numbers not available from the FCA register due to limitations of the site, adviser numbers taken from SJP latest accounts
† Denotes networks also prevalent in mortgage.
Financial adviser numbers are based on functions for retail wealth advisers Network League Table overview
Q2 2026 Wealth Network League Table – Growth Continues Despite Changing Market Dynamics
The publication of the Q2 2026 Wealth Network League Table once again demonstrates that, although the wealth advice market appears relatively stable at first glance, adviser movement continues across networks of every size.
The largest players remain exactly that. St. James’s Place retains a commanding lead with 2,655 appointed representative firms, more than three times the size of its nearest competitor. However, despite its scale, the network has experienced a net reduction of 100 firms year-to-date, illustrating that even the market leaders are not immune from adviser movement.
At the opposite end of the spectrum, ValidPath continues to produce one of the strongest growth stories in the sector. Adding a net 40 firms during the first half of the year represents growth of more than 14%, making it comfortably the strongest performer among the larger wealth-focused networks. Positive performances from 2Plan, New Leaf Distribution, Rosemount Financial Solutions and Oculus Wealth Management also demonstrate that advisers continue to move towards propositions they believe offer the right combination of support, flexibility and commercial opportunity.
Looking Beyond the Numbers – One of the most interesting developments this quarter isn’t immediately obvious from the league table itself.
Both Best Practice IFA Group and Oculus Wealth Management now sit within the wider Benchmark Capital group. Benchmark itself is currently undergoing a significant transition following the agreement by Schroders to sell the business to Söderberg & Partners, one of Europe’s largest independent financial advice groups.
While the new owners have publicly committed to investing in the UK advice market and maintaining continuity, acquisitions of this scale inevitably prompt questions across the industry. Advisers will naturally be watching to see whether Benchmark’s existing propositions continue to operate independently, whether additional investment accelerates growth, or whether a broader strategic evolution develops over time.
None of these outcomes should be assumed, but the change in ownership undoubtedly makes Benchmark one of the more interesting groups to follow over the next 12 to 24 months.
What do the figures really tell us? League tables are useful because they measure movement, but they don’t explain motivation.
Every adviser or firm choosing to join or leave a network, start up or move from DA to AR is making a commercial decision based upon a range of factors. Compliance support, technology, charging, succession planning, provider relationships, culture, ownership structure, contractual terms and commercial flexibility are all becoming increasingly important considerations.
The most successful networks are unlikely to be those that simply recruit the largest number of firms. Instead, they will be those capable of adapting their proposition to meet the changing landscape and expectations of advisers running increasingly sophisticated businesses.
Final Thoughts
The wealth advice market continues to evolve, albeit at a measured pace. While headline numbers suggest stability, adviser movement demonstrates that firms continue to review whether their current network remains the right long-term home.
As always, the figures provide a valuable snapshot of market direction. The conversations behind those figures often prove even more interesting.