Time to look for new planning talent: academic

financial-planning/financial-services-industry/financial-planners/recruitment/

30 July 2012
| By Staff |
image
image
expand image

The financial planning profession will have to start looking to grow its own talent rather than just poaching from elsewhere in the financial services industry if it wants to expand, according to a financial planning academic.

"The recruitment of the next generation of talent is another one of those emerging issues for financial planners," according to Dr Mark Brimble, associate professor of finance at Griffith University and member of the Financial Planning Academics Forum.

"The industry has long lived off poaching the existing talent that's there, but that will have to change as we move towards expanding the industry," he said.

Brimble said the existing talent pool won't be able to support continued growth indefinitely, and warned the costs of developing new talent would not be cheap.

"It will become even more expensive as you move to that professional training paradigm where you have new talent coming in and being nurtured by the industry and developed to feed the industry rather than [relying on] what's already there," he said.

Larger licensees are increasingly looking to university graduates as a way to recruit new staff rather than going to market, Brimble said.

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?...

2 months 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 3 weeks ago

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

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND