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Demand for Financial Planners Down

Demand for financial planning positions has dropped by one third this year, according to eFinancialCareers.

This statistic is included in a recent story from eFinancialCareers’ Simon Mortlock.

In the article, Mr Mortlock suggests that these days, most senior planners have to bring solid client books to their new employer, and juniors need high calibre degrees just to get an interview.

The article also includes a quote from a key recruitment consultant who says large firms, particularly dealership groups, are always interested in taking on planners with existing clients: “Firms can’t afford to take on too many inexperienced planners - who have to build a client base from scratch - because in the current market it might take a year for them to become profitable.”

Click the following link for the full article: Survival of the Fittest in Financial Planning