Show me the money

property/financial-advisers/

10 July 2008
| By Sara Rich |

New research has revealed demand for financial advisers in South Australia is increasing at a faster rate than the national average, while Western Australia has the quickest falling job numbers in the land.

The eJobs Recruitment Specialists report found that in the last 12 months, industry job numbers across South Australia increased by 21.5 per cent. This is compared to a 9.4 per cent drop nationally.

A ‘talent drought’ is also pushing up salaries for advisers, paraplanners and client support staff in the region, with $85,000 a popular salary for advisers with two to four years experience, although offers of $100,000 were also not uncommon.

However, the figures for Western Australia paint a different picture, with a 33 per cent decline in advertised industry jobs in the last 12 months, despite the mining boom that is occurring in the region.

Adviser salaries commenced at $40,000, some of which were requesting candidates with two or more years experience. Offers of more than $80,000 generally sought candidates with three to five years experience.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND