Finance professionals facing job uncertainty
Investment advisers are in slight over-supply, with job opportunities declining in this space, according to the Clarius Skills Index.
The Clarius Skills Index for the December quarter showed there were about 900 investment advisers, financial brokers and dealers without a job, up from 700 in the September quarter.
Meanwhile, accountants and auditors are in very high demand, though the sector is feeling ‘nervous' about future job opportunity.
Executive general manager of Lloyd Morgan — a division of the Clarius Group — Paul Barbaro, said job opportunities have diminished, promotions have slowed and people were being asked to do more for less.
There is hiring activity, but it has slowed, Barbaro said.
"Accountancy and auditing is highly exposed to the vagaries of government as it relies on regulation, government programs to be funded and changes to legislation," he said. "So if governments lose momentum, job opportunity is also impacted."
Barbaro added government indecision and the long lead to the federal election are causing a ripple through the auditing world, making the sector ‘nervous'.
AUTHOR
Staff Writer
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
