Financial planners still in high demand

The number of financial planning job roles continues to grow across states, with most roles being offered by the banks and larger institutions.

According to the latest eJobs Recruitment Specialists salary survey, while the rate of jobs growth is slowing, the demand for financial advisers is high. The demand lies with the banks and other larger institutions, although it is also due to industry funds expanding across states. The demand for independent financial advisers has also grown, “despite the current issues surrounding the industry”, the survey stated.

The survey also found that there are fewer roles than usual offering $50-60K or $60-70K, while the demand was much higher at the $70-75K level, where two to three years experience was asked for. It revealed that 60 per cent of adviser roles fall into the $80-100K range, with the median salary now at $90,000 for three years experience and, “preferably”, CFP certification.

Paraplanner roles have also increased, and the survey found that most paraplanners who were previously let go due to budget restraints have found new roles. The survey found that there is a strong demand for high-level customer services managers who could take responsibility for managing client portfolios, while client service officer roles are increasingly being combined with paraplanner functions.

The survey found that NSW/ACT continues to provide the most financial planning industry roles, with about 45 per cent of all positions sought nationally.