Does the advice industry really need new talent?

How can our industry attract young advisers?

clock

A recent survey of adviser remuneration suggested the average age of advisers has risen slightly to 46, with anecdotal evidence it is now as 'high' as 50.

In a follow-up debate on LinkedIn, participants commented about why advisers are getting older again and what could be done to bring the average age down. A lot of sensible comment followed: the cost of training is too high, not enough people are taking up some of the excellent financial services degrees which are available at universities, and the generally negative image of the profession outside the industry. One participant perceptively made the comparison with accountancy, pointing out trainee accountants have a clear career path – pass the two Chartered accountancy exams and you...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Vigilance still the best defence against ever-sophisticated AI scammers

Vigilance still the best defence against ever-sophisticated AI scammers

'These days you can't even trust what is in front of your eyes'

Roger Brosch
clock 08 January 2025 • 3 min read
Number of clients who say advice is value for money up 10% in two years

Number of clients who say advice is value for money up 10% in two years

Accessibility and cashflow modelling outlined as measures of value

Sahar Nazir
clock 08 January 2025 • 2 min read
NextWealth: Access to advice will shrink in 2025

NextWealth: Access to advice will shrink in 2025

Advice gap to increase by end of year

Sahar Nazir
clock 07 January 2025 • 2 min read