Planners’ pickings in ‘buoyant’ job space


Financial planners looking for new jobs are frequently receiving multiple offers, as banks vie for talent in a changing regulatory space, a survey has revealed.
As the financial services sector grapples with a number of changes to its landscape and operation, planners and paraplanners have come out winners in the recruitment stakes, with many in the institutional space signalling the desire to pad out their wealth management teams this year, according to Hays' quarterly recruitment survey.
And while the public sector increasingly moves towards casualisation, banks have increased their demand for permanent staff.
"Positive momentum in the market is expected to continue in the first quarter of 2015 as companies look for further investment and the banks shape their front and back office teams to match the level of work coming in," the survey stated.
Other high demand roles include risk professionals, who are often hired on 12 to 18 month contracts to help banks navigate through regulatory change.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.