More than three-quarters of advisory firms are considering recruiting additional staff in the coming years, although a lack of new talent remains a major concern, according to a survey from the Personal Finance Society (PFS).
Over the next one to three years, almost half (46%) of adviser firms plan to take on additional staff, while another third (30%) said they could consider recruiting, the PFS found. Fewer than a quarter (24%) meanwhile said they did not have any plans to take on more staff in the near future. A lack of new talent remained a major concern, however, with more than a fifth (22%) of respondents saying a shortage of talent and skilled trainees was a "major threat" to the success of their business over the next one to three years. Over the same timeframe, more than two-fifths (44%) of respon...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
