Financial planners defy odds in job market
The financial planning industry will once again buck the trend of the wider market and experience strong levels of hiring, largely due to attrition and experienced planners exiting the sector, according to a report published by Robert Walters.
Hiring activity will remain flat across the financial services industry in quarter four, mostly due to economic uncertainties and recruitment freezes in place across the sector.
However, some areas including financial planning are expected to blossom as the new financial year for major banks brings new headcount approval.
Robert Walters' director of financial services recruitment, Andrew Hanson, said the Melbourne, Perth and Brisbane markets will face acute shortages in financial planning, superannuation and insurance sectors, adding the trend would drive up salaries for professionals working in these industries.
"We're also expecting some markets to face shortages of quality business development managers and banking relationship managers," Hanson said.
The forecast came after the September quarter saw relatively flat or decreased hiring, with Melbourne and Perth being hit the hardest, the report found.
Recommended for you
Shadow financial services minister, Luke Howarth, has stressed the Coalition’s commitment to reforming the CSLR, adding that he ultimately wants to “get rid of it”.
With just over three weeks until the federal election, the FAAA has put a reduction in red tape and further support for new entrants on its priority list for an incoming government.
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
