Tom Hegarty: New apprenticeships - is this the game-changer?

Next generation of advisers

clock • 6 min read

It has been both widely reported over recent years - and obvious to those within the industry - that there are more financial advisers leaving the profession than new people joining, writes Tom Hegarty.

There are a number of factors that may have contributed to this trend, but we are where we are and the direction we have been heading in has not indicated much of a change. Apart from the average age profile of advisers, there are a number of other reasons cited by those leaving the industry. Of course, we should try to reduce the numbers leaving where possible but, more importantly, we need to focus on from where the next generation will come - and how we develop them into financial advisers. Dwindling numbers have been an industry issue for a number of years and, while there have be...

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

Feel Good Friday: Hoxton Wealth launches 'online community' for aspiring financial planners

Feel Good Friday: Hoxton Wealth launches 'online community' for aspiring financial planners

Study support and access to industry events available

Professional Adviser
clock 03 January 2025 • 1 min read
Taking control: 2025 New Year's resolutions for advisers

Taking control: 2025 New Year's resolutions for advisers

'The trouble with resolutions is you’re supposed to keep them'

Brendan Llewellyn
clock 02 January 2025 • 3 min read
Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read