Financial Consultancy Intensifies Hunt For Young Advisor Talent

Robbie Lawther

8 February 2018

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.