South-east based advisory firm, Foster Denovo, is in talks to recruit 100 advisers following an announcement in October that it plans to grow its staff by 50%.
The majority of the advisers being considered for hire are sole traders that have attended a series of Retail Distribution Review (RDR) seminars hosted by Foster Denovo this autumn. Some have spoken to the company about attending similar seminars next year.
The staff will be in addition to the 100 employees currently working at the firm.
The advisers are fielded during a preliminary conversation in which a Foster Denovo representative asks questions around productivity levels and working values.
The company is currently in advanced talks with nine of those 100 advisers.
The recruitment drive is part of a bid to increase productivity by 50% over the next five years.
Sales and marketing director Darren Laverty said: "We have found that the people most likely to want to join a firm like Foster Denonvo are those working for networks perhaps as sole traders.
"They feel removed from what's going on with RDR. Not having comrades to bounce ideas off at a time of such big change can be very difficult."
He added: "The company is also in talks to acquire several small firms but aims to achieve its growth targets by primarily taking on sole traders. We are reluctant to take on big firms, it could mean a culture clash and upset the apple cart."
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