Dealer group launches cadetship program
With a view to combating the worsening staffing crisis within the financial services industry, national dealer group Consultum Financial Advisers is rolling out a cadetship program with the aim of growing its own talent.
The move came as recruitment specialist eJobs reported record demand for financial services industry staff during May, June and July.
According to head of Consultum Stuart Abley, the dealer group will be encouraging their advisory practices to employ new talent by providing financial assistance and a dedicated training program.
Abley hopes to see 15 new cadets at Consultum over the next 12 months. Cadets will need a minimum of PS 146 and have a commitment to move onto advance diploma studies.
“With many growing practices struggling to appoint new staff due to a combination of the industry skills shortage and the strain that it puts on business resources, we’ve seen the need to provide support to our advisory base,” Abley said.
“By providing a detailed cadetship program we’re offering our practices an extension of our value proposition, which focuses on business planning and practice management.
“Cadets will be offered access to training that will equip them with the skills and knowledge needed to become high quality financial planners and underpin a future career within the industry.”
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
