Advisers who would recommend career in financial advice jumps by one fifth - research

Despite concerns over recruiting

Sophie King
clock • 1 min read

The number of advisers who would recommend a career in financial advice to graduates and school leavers has jumped by almost 20% since last year, research by Openwork has found.

The study conducted among 117 financial advisers in 2020 found that almost two-thirds (64%) of respondents would recommend a career in advice, but under half (48%) of 103 advisers polled last year felt the same way.  A similar increase was shown in those recommending a role in financial advice to those looking to switch careers, with 63% of advisers who would this year, compared to 46% in 2019. However, advisers are still worried about recruiting the next generation into a career in financial advice. More than four out of five (84%) advisers said schools and universities should do mor...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Fairstone refines buyout terms to focus on high-growth potential IFAs

Fairstone refines buyout terms to focus on high-growth potential IFAs

Updated DBO model to ‘support increased valuations’

Jenna Brown
clock 30 April 2025 • 2 min read
L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read