Is Self Employed The Wrong Way To Fix The Financial Adviser Gap? Rob Atherton Shares Why We Need More Employed Options For Trainee Financial Planners.

Financial Planner Life Podcast

Can the financial planning industry sustain itself without adapting to the needs of new talent?
Join us on the Financial Planner Life podcast for a thought-provoking conversation with Rob Atherton as we tackle this urgent question. We start by examining entry-level opportunities and the growing debate between employed and self-employed roles. Both Rob and I stress the need for companies to transform their career development plans to cater to ambitious individuals, even those without prior experience.
My own career journey—from recruitment to a leadership role at Hoxton Capital—adds a personal layer to our discussion, highlighting the diverse paths within the financial planning profession.
As we navigate the complexities of this industry, we focus on the persistent challenges faced by aspiring financial planners, particularly the struggle to find meaningful training opportunities. With a significant portion of current advisors nearing retirement, the urgency to fill the impending advice gap has never been greater. We share our insights and experiences from mentoring individuals through LinkedIn, emphasizing the crucial role of persistence and self-advocacy. Rob and I delve into the barriers that continue to hinder new entrants and advocate for industry-wide changes to provide more employed roles, ultimately ensuring the profession's sustainability and growth.
Our conversation doesn't shy away from the need for modernization within the financial advisory field. We discuss the efficiency gaps caused by outdated processes and underscore the pivotal role of training academies in nurturing new talent. Highlighting the success stories of smaller firms and debating the effectiveness of such investments, we call on large, established companies to lead by example. Imagine a future where financial planning is as structured and supportive as professions like law or accountancy; that's the vision we hope to inspire. Tune in to hear how innovative firms like Hoxton are paving the way, setting new standards, and embracing fresh perspectives to transform the industry for future generations.

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With limited entry-level job roles, giving yourself the best financial planning career education, will not only kick start your financial planning journey with relevant qualifications and skills, but it’ll also help you achieve success much faster.&nbs

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Chapter

1. Career Development in Financial Planning (00:00:00)

2. Navigating the Financial Planning Industry (00:09:20)

3. Issues in Financial Planning Recruitment (00:18:00)

4. Future of Financial Advising Training (00:26:57)

5. Investing in Future Financial Advisors (00:38:20)

6. Closing the Advice Gap (00:44:44)

7. Career Development and Changing Roles (00:57:32)

8. Next Generation of Advisors (01:01:12)