Financial planning jobs plentiful
Financial planning salaries are on the rise, fuelled by an increase in demand for quality financial planning talent.
Jonathan Wren chief executive Mary Anne Maling says demand for financial planners mirrors that of accountants which has boomed over the past couple of years.
According to a study by Gottliebsen Research commissioned by Jonathan Wren Financial Recruitment Specialists, the average salary for an accountant has risen by 5.5 per cent to $55,133 in the last financial year.
Maling says financial planners have experienced a job boom parallel to that of their beancounter contemporaries. She attributes the growth of demand for planning jobs to the growing popularity of investment portfolios and banks becoming more proactive about marketing their financial services to their huge customer databases.
Maling says the accounting job market had 28,207 positions advertised over the past financial year and has ridden on the backs of the buoyant Australian economy and the changes posed by the introduction of the GST.
She also says accountants are beginning to move away from their traditional outposts of book balancers and into business advisory, financial management and business development roles previously the domain of the financial planner.
Statistics specific to the financial services sector will be available in the middle of February when Jonathan Wren releases further findings of the extensive study into the banking and finance sectors.
Recommended for you
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
