Adviser demand rising in active sector: Hays

An increased demand for advisers and paraplanners exists as the number of remediation projects continues to grow, says recruitment firm Hays.

According to its Quarterly Report for January to March, there is an increased demand and a shortage of strong paraplanners and senior financial planners with both a degree and either an advanced diploma of financial planning (ADFP) or a certified financial planner (CFP) qualification.

It said technically strong paraplanners and advisers are in high demand to work as remediation case managers.

“Candidates are able to secure very generous daily rates, which has added to the skill shortage of wealth management professionals outside this space,” the report said.

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Hays said the wealth management sector remains a very active sector nationwide, and that candidates with existing networks are in high demand.

Across the overall banking sector, it said there are more permanent roles in the general banking sector in Western Australia, with Perth-based candidates preferred.

However, Hays cited the wealth management sector as an exception, with consideration for candidates from interstate.

Adviser demand rising in active sector: Hays
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Adrian Flores

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].

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