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

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read