48% of advisers recommend financial advice to career changers

06 August 2019

Almost half of advisers (48%) would recommend becoming a financial adviser to those considering a career change, according to the latest research.

Financial advice network Openwork revealed that 46% of respondents believed that it would be a good career choice for school leavers and graduates.

Almost three-quarters of advisers (72%) felt that there needed to be a coordinated approach by industry trade bodies to attract more recruits, while 66% said that providers should expand their apprenticeship programmes to attract more advisers.

Claire Limon, director of learning and acquisition at Openwork, said: “The fact that so many advisers would recommend a career in financial advice is testament to the industry itself and the fantastic opportunities it has already provided for many.

“As the demand for advice continues to grow, it’s great to see that advisers are positively recommending the profession.

“That said, however, there are concerns about the flow of new recruits into the industry.

“At Openwork, we are passionate about encouraging both ‘career starters’ and ‘career changers’ to consider a career in financial advice and we are dedicated to attracting as diverse [a] talent pool as possible.”