recruitment

The recruitment process continues to be a "major obstacle" for the majority of wrap platform Nucleus members, according to a recent survey.

EXPANSION

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Taunton-based advisory firm InvestSouthWest has launched a recruitment drive in a bid to service 'Mr Average' - a segment of the market it claims has been orphaned by banks and investment-only IFAs.

South East and London based national, Foster Denovo, aims to increase its workforce by approximately 50%, according to chief executive Roger Brosch.

Scottish Widows Investment Partnership (SWIP) is set to continue its graduate programme but has halved the size of its intake.

The Financial Skills Partnership (FSP) is to launch a plan to train 150 unemployed graduates as financial advisers.

Towry Law is to recruit ex-bank advisers and upscale wealth managers following the Retail Distribution Review (RDR), according to its chief executive.

Plymouth-based Financial Management Services has seen five staff walk out because they found the the fees structure required by RDR 'unworkable', according to managing director Ken Hayden.

Lighthouse Advisory Services will increase the number of advisers working in its affinity division by approximately 100 over the next year, from 220 currently, according to joint CEO Malcolm Streatfield.