Show me the money
New research has revealed demand for financial advisers in South Australia is increasing at a faster rate than the national average, while Western Australia has the quickest falling job numbers in the land.
The eJobs Recruitment Specialists report found that in the last 12 months, industry job numbers across South Australia increased by 21.5 per cent. This is compared to a 9.4 per cent drop nationally.
A ‘talent drought’ is also pushing up salaries for advisers, paraplanners and client support staff in the region, with $85,000 a popular salary for advisers with two to four years experience, although offers of $100,000 were also not uncommon.
However, the figures for Western Australia paint a different picture, with a 33 per cent decline in advertised industry jobs in the last 12 months, despite the mining boom that is occurring in the region.
Adviser salaries commenced at $40,000, some of which were requesting candidates with two or more years experience. Offers of more than $80,000 generally sought candidates with three to five years experience.
Recommended for you
In this episode of Relative Return Insider, host Keith Ford is joined by Cyber Daily deputy editor David Hollingworth to take you inside the evolving landscape of cyber crime, how even huge companies can be at risk of breaches, and what that means for anyone trying to understand the risks.
The latest episode of Relative Return sees host Laura Dew chat with Richard Ivers and Mike Younger, co-portfolio managers at Prime Value Asset Management, on their newly launched Microcap Fund and opportunities in small and mid-cap shares.
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford dive into the week's top news, from investors remaining blasé about tariff announcements to bitcoin surging and unemployment numbers.
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford take a look at the Reserve Bank’s expectation-defying interest rate hold and whether the move is the start of a fundamental change in the central bank’s approach.