Don't do it! Half of advisers don't back their profession as a career choice

Carmen Reichman
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A mere half of financial advisers would recommend the profession as a career choice to a family member, new research suggests.

A survey commissioned by the Association of Professional Financial Advisers (APFA) found 51% out of 235 financial advisers questioned in October said they would recommend a family member took up financial advice as a career. The research also suggested no more than 20% plan to hand their business to a family member when they retire. Instead a quarter (26%) of advisers plan to sell their business when they quit work, and a further quarter (26%) indicated they have no succession plans at all. Director general Chris Hannant (pictured) said the "burden of bureaucracy and costly regulat...

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