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Rise in interest in financial advice careers

by Kevin Rose
10 July 2019
It’s vital to evolve our business models
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Openwork have found that one in four employees would consider opportunities in the financial advice sector.

Its nationwide study found one in 10 would definitely consider retraining as a financial adviser while another 15% say they would consider a career switch into the advice sector.

17% of men say that they would definitely consider becoming advisers and 18% say they would consider it. Comparatively, just 6% of women would definitely consider becoming advisers and 13% would consider it.

The numbers willing to consider a career change are higher among those aged 25 to 45 – around one in six (16%) of the age group would definitely look at becoming financial advisers while 20% would consider it.

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However more would be willing to make the move into financial advice if there was support from providers with training – 20% would look at a career in financial advice depending on training support.

Openwork is expanding its Openwork Academy which helps career changers with experience across a broad range of sectors, including education, the armed forces, manufacturing and hospitality to become financial advisers.

Claire Limon, director of learning and acquisition at Openwork, said: “The growing interest in careers in financial advice is interesting and particularly at a time when demand for advice is increasing.

“It is particularly interesting that it’s people aged 25 to 45 who are most likely to consider changing career to the advice sector. A career in financial advice offers a wide range of opportunities to help people and earn a good living.

“At Openwork we are passionate about attracting a diverse talent pool and particularly women and our Academy welcomes people from all walks of life to pursue a career in financial advice.”

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