Better education of advice sector can help drive recruitment

Lack of education around financial advisory leads to difficulties in hiring

Sahar Nazir
clock • 2 min read

Advisers are struggling to recruit more talent in the industry due to a lack of education of the profession.

Speaking at The Lang Cat's latest Advice Gap 2023 report launch today (11 May), advisers outlined the difficulties in attracting talent in the financial advice sector. The research, which looked at 2,035 consumers over the last two years, suggested that consumers considered a profession in financial advisory if they had a parent that used a financial planner. Chartered Institute for Securities & Investment (CISI)  head of financial planning Sally Plant said the industry is finding it challenging to hire talent because "people do not know what the profession is". "People do not usua...

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