Much has been made of the declining number of advisers in the market post RDR. Helen Morrissey speaks to Mattioli Woods director Bob Woods about the issue and asks how his firm develops talent within the business.
How long has the training scheme been in place? How does it work and what success have you had? We started the business in 1991 and we recruited our first trainee in 1993. We’ve continued the trainee scheme since then and over time it has become more evolved and sophisticated. We probably take on between 10 and 20 trainees a year now. It used to be the case that they would learn by being instructed by everyone but now we have a formal training team in place where the new recruits typically spend up to six months. Here they are trained in the business – for instance administering SI...
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