Head of International Wealth Melbourne Capital Group. Chartered and Certified Financial Planner
I’m really pleased with this article published today in FT Adviser. It’s my third article and my first since 2008 when I wrote about the importance of being chartered and generation to generation planning. This is arguably the most important! 🤔 It was great to be asked to contribute on how as a profession we are going to attract more young people to become the financial advisors of tomorrow. 👍😊 Today we find our wonderful profession struggling to attract more people than will retire in the next 5-10 years so arguably this is a very important topic! 😥 Let’s lay down the challenge to the big players St. James’s Place Quilter Financial Planning M&G plc The Openwork Partnership or anyone else who wants to take on more young people as trainee financial advisors to help fill the advice gap! Most young people who could enter our profession don’t want to run their own business or be self employed! 🤔 It is hard enough becoming a competent advisor never mind juggling setting up and running their own business with the risk and uncertainty of self employment! 🤔 The game changer for our profession is to offer excellent long term training roles with good salaries and excellent training including role plays, mentorship and coaching. 👍😊 It really does take 1-2 years to get up and running not just a matter of months. 🤔 Who will be the first to announce a large scale financial advisor academy offering employed non business owning roles? 🤔 If we want to solve the advice gap we have to offer young people what they want. Not what we think they want or we want! Otherwise we shouldn’t complain about the declining numbers of young advisors. 🤔 We must collectively create a framework that allows rather than prohibits entry to our wonderful profession. 👍😊 If you would like to read the article the link is below 👇🏼 https://lnkd.in/dz2772aa Thank you Alina Khan for the opportunity! You’re not so bad for a Man Utd fan! ❤️🩵😂 #ftadviser #youngpeople #newadvisers
I'm a newly qualified advisor myself and I 100% agree with this
Mark Palmer
8mo
Rob Atherton Thanks again for a brilliant article. Its tough trying to get into the industry. I've also heard its the same for the legal profession....does over here actually want new advisers ? As they're shooting themselves in the foot with their attitude
Hayley Rabbets
8mo
Really excited to be working with you on the NTA Rob. Hope to meet you in person in London for one of the meetings
Thanks for sharing Rob. This is probably my biggest challenge in trying to break into the sector. The other issue, is that even if I was prepared to start as an administrator or paraplanner most companies want a years experience, which newbies simply don’t have.
Really well written article Rob. Especially the part about including in the school curriculum. So many people don’t even know what we do! Like you said so many aspire to be Doctors, Lawyers, teachers, no one ever says I want to be a Financial Advisor.
Duncan Gregory
8mo
Well done Rob Atherton great article and good to see you promoting the need for more employed Adviser roles in our great industry. Keep up the good work you are doing as more choice will assist in tackling the advice gap. 👏👏
Tom Lewis DipPFS
8mo
Hi Rob, thanks for your insight and article. I obtained my level 4 in sept 23 and the main road block for me at the moment is the struggle of finding an employed trainee role for financial planning. The thought of starting from scratch and supporting loved ones at the same time is one of the biggest constraints currently getting me into the profession. If I was single and had little financial commitments it would probably be less of a jump. It’s good to see experienced people in the industry advocating for newbies!
Fantastic article Rob Atherton . This problem is one that is prevalent not just in the UK but in South Africa as well, and possibly many other countries. The challenge to the big players boils down to the capital investment they’re willing to make in exchange for a much longer term return whilst perhaps sacrificing some short term profits for the first 3 to 5 years. But as with anything, best to start with a pilot program and evolve from there.
Brilliant article Rob Atherton. You’re a real credit to the profession 💪🏻
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