Advisers 'bullish' on employing more staff - PFS

Majority of advisers plan to recruit

Victoria McKeever
clock • 2 min read

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...

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