Growing interest in financial advice as a career
16 July 2019
One in four employees is considering new opportunities in the advice sector, highlighting growing interest in financial advice as a career, according to research by Openwork.
A nationwide study found one in 10 would definitely consider retraining as an adviser, while a further 15% said they would consider a career switch into the advice sector.
Those between 25 and 45 were most likely to pursue a career in advice, with around one in six stating they would “definitely look” at becoming advisers, while 20% would consider it.
The career path also found greater favour among men, with 17% of male respondents “definitely considering” becoming advisers, and 18% noting they would consider it. In contrast, just 6% of women answered that they would “definitely consider” becoming advisers, and 13% would consider it.
However, the survey found that the overall numbers would be higher if there was more support in the form of training – one in five (20%) said they would look at a career in advice depending on the training available.
Claire Limon, director of learning and acquisition, Openwork, said: “The growing interest in careers in financial advice is interesting and particularly at a time when demand for advice is increasing.
“It is particularly interesting that it’s people aged 25 to 45 who are most likely to consider changing career to the advice sector. A career in financial advice offers a wide range of opportunities to help people and earn a good living.”
Openwork runs a training academy designed to encourage more people to become advisers. It has welcomed 54 trainees to the scheme so far this year, with a further three intakes planned for the rest of 2019.
Origo is to launch Unipass Letter of Authority (ULoA) at the end of November, a service aimed at simplifying...
While the aggregated costs and legacy trail commission regime remains far from perfect, some clarity can be gleaned, says...
Kim Bendall has launched her own firm, Go Paraplanning, and is looking to provide tailor-made support services to new...