Where Will New Advisers Come From?

The consistent downward trend of adviser numbers across the financial advice industry over the last 18 months has caused much consternation in the industry. Regular reports of declining numbers due to adviser’s cessation, along with very few numbers of new advisers entering the industry have led many to ask, “where will any new advisers come from”? With the new educational pathway and professional year requirements becoming established, we decided to take a look at how new advisers are coming into the industry, their experience with the new protocols involved and how they linked up with the firms they are now working at.