Latest data confirms experienced planners in short supply
The financial planning industry is continuing to generate strong demand for appropriately qualified personnel, according to the latest data released by the financial services division of recruitment specialist eJobs.
The data, covering April, confirms demand for personnel remains on an upward trend, with March generating the highest number of industry roles being advertised — a 24 per cent increase to 320, and April generating 293 jobs.
While the eJobs data relates primarily to Melbourne and regional Victoria, the company said the trend had been replicated in all other regions, making it even harder to fill roles given the continuing tight candidate supply.
“We are definitely receiving fewer applications per advertised role, and these decrease exponentially the more experience the candidate is required to have,” the eJobs analysis said.
It said this compared with the situation with entry-level positions, where recruiters were being besieged by ‘industry qualified’ candidates looking for a foot in the door.
EJobs said the demand/supply situation was yet to play out, and it was often necessary to give clients a reality check with respect to their expectations.
AUTHOR
Mike Taylor
Recommended for you
The Compensation Scheme of Last Resort says it has received over 200 claims for compensation relating to personal financial advice since its inception and detailed the specific recurring issues being raised by claimants.
Two financial advisers have shared with Money Management why they opted to specialise in certain client niches when setting up their own business.
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
