Strategy
Financial Consultancy Intensifies Hunt For Young Advisor Talent
The firm will expand the number of graduates at its training operation from 94 to 125.
deVere Group is
set to expand its graduate financial advisor programme fopr
2018 in a bid to find new talent, increasing to at least 125
graduates in its programme from 94 last year.
The programme begins with a foundation period at the firm’s
administrative hub in Malta, followed by further training at
one of the deVere Academies in Dubai, Malaga, Sydney and New
York, it said.
“Due to the ongoing success of the deVere Graduate Programme,
which allows grad students to become qualified financial advisors
often within two years, we will significantly expand it this
year,” Nigel Green, founder and chief executive, said in a
statement. “We now have advisors who started on the grad
programme in every one of our major offices around the world.
From Hong Kong to New York, Sydney to Dubai, Cape Town to Geneva,
and beyond, they are there achieving their personal objectives
whilst professionally helping our clients fulfil their long-term
financial goals.”
“With demand for sound, independent financial advice growing
around the world, the baby boomer generation now in or heading
into retirement, financial technology advances, and with many
existing advisors exiting the industry due to the pressures of
increasing regulation and /or retiring, there is a pressing need
for the sector to step-up and to train and recruit the next
generation of wealth management professionals to fill the
impending advisor gap," he said.
Other financial institutions have looked to expand its financial
training operations. In
November, Northwest-based financial planning firm Pareto said
it was launching its new training programme, and in
July, Old Mutual Wealth’s Financial Adviser School
expanded its support for the financial planning sector by
offering two new standalone training programmes. See
here for a list of post-graduate and MBA courses steered at
wealth management. St James' Place, the UK-listed wealth manager,
has an academy to help people build a wealth practice from
scratch.
