Webull Australia doubles down on its adviser platform as Australian financial advisers face capacity squeeze
Webull Australia, the Australian subsidiary of Webull Corporation (NASDAQ: BULL), has rolled out a major expansion of Webull Connect, its portfolio management platform for Australian financial advisers. New features include Connect AI (an AI assistant with up to 5,000 free queries per month), LAB Group-enabled bulk onboarding and transfers, Iress Xplan integration, bulk trading, a trade terminal, and a client-facing mobile app. The push targets a market of $1.22 trillion in funds under advice served by a shrinking adviser base, down 42% since 2019 from about 26,500 to 15,413.
Key figures
- Advisers 2019
- 26500
- Registered users
- 29 million
- Advisers june 2026
- 15413
- Connect ai query cap
- 5,000 queries per month at no cost
- Funds under advice aud
- $1.22 trillion
- Adviser decline since 2019
- 42%
AI analysis
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