Finance professionals facing job uncertainty
Investment advisers are in slight over-supply, with job opportunities declining in this space, according to the Clarius Skills Index.
The Clarius Skills Index for the December quarter showed there were about 900 investment advisers, financial brokers and dealers without a job, up from 700 in the September quarter.
Meanwhile, accountants and auditors are in very high demand, though the sector is feeling ‘nervous' about future job opportunity.
Executive general manager of Lloyd Morgan — a division of the Clarius Group — Paul Barbaro, said job opportunities have diminished, promotions have slowed and people were being asked to do more for less.
There is hiring activity, but it has slowed, Barbaro said.
"Accountancy and auditing is highly exposed to the vagaries of government as it relies on regulation, government programs to be funded and changes to legislation," he said. "So if governments lose momentum, job opportunity is also impacted."
Barbaro added government indecision and the long lead to the federal election are causing a ripple through the auditing world, making the sector ‘nervous'.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
