'Lack of support' drives advisers to leave firms - Quilter

Lack of support

clock • 2 min read

Advisers are leaving their jobs because they do not feel supported enough or their firms do not provide a sufficient bank of clients, Quilter Financial Planning has said.

Quilter Financial Planning director of adviser recruitment and acquisition Scott Stevens told guests at a webinar on Tuesday (16 June) that lack of support was the key reason advisers left firms. He said retaining advisers was crucial to maintaining profitability and keeping valuations high when looking to sell. "We spoke to 200 individuals who left firms between May 2018 and February this year, and 35% of those leaving said they had a lack of support. This could mean they were either mis-sold the job in the way it was promoted or were offered a lot of warm leads that haven't material...

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