This episode of Professional Adviser TV sees Five Wealth director and Chartered financial planner Liz Colfer and head of the Verve Foundation Hayley Rabbets join the team in the studio to talk about the importance of attracting the next generation of financial advisers and career switchers, and the barriers to entry.
In this week's Advice Lens, Rabbets said finding a role is the main barrier to entry for potential young advisers and paraplanners. "Where do they go if there is no opportunity for them," she said. "Not every firm is able to bring in graduates and new people." Both Colfer and Rabbets also highlighted that there are many roles available in the advice profession - not just a financial adviser - including compliance and paraplanning. "Younger people bring in enthusiasm and new ideas – the benefits are obvious," Colfer said. The duo noted that it is essential that new entrants fin...
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