How to transform bank advisers to suit your business

What are the benefits and risks of taking on ex-bank advisers?

Nicola Brittain
clock • 7 min read

An increasing number of advisers are taking on ex-bank advisers, but what benefits and risks does this afford? Nicola Brittain takes a look.

With banks such as Barclays, Santander and others having cut their advisory divisions, there are an increasing number of ex-bank advisers in the market. But opinion remains split on whether these people are likely to be an asset or a hindrance for the employing company. Alpha Investments and Financial Planning director Alan Solomons is not alone in voicing concerns about ex-bank staff, considering the vast majority of customer complaints to the Financial Conduct Authority have been regarding banks. "I would be wary of dealing with bank advisers, wary of their ethics, training and tech...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

One in five consider financial advice to deal with turbulent times

One in five consider financial advice to deal with turbulent times

Almost a fifth of people are newly considering getting financial advice to help them feel more confident amid a less predictable, more uncertain world, according to research.

clock 03 February 2026 • 3 min read
Firm owners 'facing pressure' to make technology decisions

Firm owners 'facing pressure' to make technology decisions

‘AI is framed as something that will change everything’

Sahar Nazir
clock 30 January 2026 • 3 min read

Advisers urged to consider clients' 'trust state' and establish credibility early

‘Trust is built in moments of uncertainty, not certainty’

Isabel Baxter
clock 30 January 2026 • 3 min read