Financial planners defy odds in job market

financial-planning/recruitment/insurance/market-volatility/financial-planning-industry/financial-services-industry/financial-planners/

24 October 2011
| By Milana Pokrajac |
image
image
expand image

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.

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?...

1 month 3 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 ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS