Only 17% of financial advisers believe hiring younger colleagues would help them to attract new clients, research from Aegon and NextWealth has found.
Featuring the views of more than 200 financial advice professionals, NextWealth and Aegon's latest research guide, Organic Growth for Financial Advice Firms, found that when asked to pick the factors they believed would be most helpful when trying to attract new clients, only 17% of advisers said the hiring of younger advisers, making it the 8th most popular choice. The guide also revealed that in the past 12 months, advisers aged under 45 generated the largest proportion of their personal revenue from new clients (22%), compared to all other age groups. Advisers aged 45-54 saw 17% of...
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