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