Generation game: What are advice firms looking for in potential recruits?

04 Jul 2017

Brains, a willingness to learn and the desire to work as part of a team are key qualities firms are looking for as they seek to identify the next generation of financial advisers, writes Hannah Godfrey

Does the scarcity of new recruits being drawn to the world of financial advice represent a genuinely existential threat to the sector?

Studies have suggested, after all, that more than a third of existing advisers plan to retire in the next deacde - a worrying number given the UK market has already shrunk from some 250,000 advisers in 1988 to around a tenth of that number today.

More positively, however, the government's approval of a Financial Adviser Apprenticeship Standard has been described as a "considerable game changer" for attracting 'new blood' into the industry.

The aim of this article will be to get to the bottom of what traits and experience really make an apprentice or trainee employable in the financial advice sector.

In a companion piece to this - because modern recruitment is very much a two-way street - we will also consider what potential recuits are looking for from a financial advice firm.

Click here to read the full article.


Testimonials

"SimplyBiz has an excellent website offering SL templates and many benefits, plus their technical departments are really helpful. Furthermore the members meetings and technical workshops are of great benefit, especially for the one man band IFA who has little contact with the rest of the industry."

Larry Bignell
Boldon

Read More

Latest News

Fos report is a dollop of gruel for advisers

September 19, 2017

Cold porridge and cold comfort have a lot in common: such meagre offerings do not come close to being satisfying.

Read more >

Adviser Landscape

September 14, 2017

SimplyBiz Group Chairman, Ken Davy, gives us his unique perspective on the biggest industry issues of recent months.

Read more >

Back in the GDPR...

September 14, 2017

There is currently very little that we know with any certainty about what to expect from the UK’s Brexit negotiations.  Hard or soft? Single market or free trade area? Bad deal or no deal? 

Read more >

Taking a LEI-d back approach; MiFID II and Legal Entity Identifiers

September 14, 2017

The arrival of MiFID II will see a new section added to the FCA Handbook, which refers to the requirement to make transaction reports to the FCA with regards to certain financial instruments. 

Read more >