Financial planners defy odds in job market
The financial planning industry will once again buck the trend of the wider market and experience strong levels of hiring, largely due to attrition and experienced planners exiting the sector, according to a report published by Robert Walters.
Hiring activity will remain flat across the financial services industry in quarter four, mostly due to economic uncertainties and recruitment freezes in place across the sector.
However, some areas including financial planning are expected to blossom as the new financial year for major banks brings new headcount approval.
Robert Walters' director of financial services recruitment, Andrew Hanson, said the Melbourne, Perth and Brisbane markets will face acute shortages in financial planning, superannuation and insurance sectors, adding the trend would drive up salaries for professionals working in these industries.
"We're also expecting some markets to face shortages of quality business development managers and banking relationship managers," Hanson said.
The forecast came after the September quarter saw relatively flat or decreased hiring, with Melbourne and Perth being hit the hardest, the report found.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
