{"id":28848,"date":"2015-03-03T08:59:51","date_gmt":"2015-03-02T21:59:51","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=28848"},"modified":"2025-03-03T14:32:21","modified_gmt":"2025-03-03T03:32:21","slug":"innovation-needed-to-attract-young-advisers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/03\/03\/innovation-needed-to-attract-young-advisers\/","title":{"rendered":"Innovation Needed to Attract Young Advisers"},"content":{"rendered":"<p><span style=\"line-height: 1.5em;\">The industry needs to work harder to attract young risk specialists, according to Synchron Director, <strong>Don Trapnell<\/strong>.<\/span><\/p>\n<p><!--more--><\/p>\n<p>Speaking ahead of the Synchron NextGen Conference, an event designed especially for advisers under 40, Mr Trapnell encouraged the wider industry to make the profession more appealing to younger players.<\/p>\n<p>He warned that the financial advice sector was facing its own ageing population crisis, with the majority of advisers preparing to retire over the coming decade and fewer new entrants choosing to specialise in risk.<\/p>\n<p>\u201cRisk specialists play a very important role in protecting the life styles of their clients and I think as an industry, we have largely failed to communicate that,\u201d Mr Trapnell said. \u201cIndividuals coming out of university appear to be gravitating towards financial planning and investments and not considering risk.\u201d<br \/>\n<figure id=\"attachment_22984\" aria-describedby=\"caption-attachment-22984\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2013\/09\/Don-Trapnell-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-22984\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2013\/09\/Don-Trapnell-2.jpg\" alt=\"Synchron Director, Don Trapnell\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-22984\" class=\"wp-caption-text\">Synchron Director, Don Trapnell<\/figcaption><\/figure><\/p>\n<p>Within his own dealer group, Mr Trapnell said initiatives which leveraged the life experience and knowledge of more senior advisers had been very successful in bringing in new blood. He urged other parts of the industry to adopt programs such as mentoring and specialist workshops targeted at graduates to help grow adviser numbers.<\/p>\n<h6>the average age of Synchron advisers has reduced from 59 in 2006 to 48 today<\/h6>\n<p>\u201cWe recognised, quite early on that Synchron\u2019s adviser force was ageing. At that time, we made a decision to make Synchron an attractive home for young advisers, a place where they could learn from the incredible experience of our more senior advisers. As a result, the average age of Synchron advisers has reduced from 59 in 2006 to 48 today. We have been able to achieve that reduction, not by losing our more experienced reps, but by encouraging younger people into the Synchron family,\u201d Mr Trapnell concluded.<\/p>\n<p>Synchron\u2019s NextGen Conference will run from 19-23 March in Canberra with special guest speaker <strong>Monica Wofford<\/strong>, from <a href=\"http:\/\/www.contagiouscompanies.com\/\" target=\"_blank\" rel=\"noopener\">Contagious Companies<\/a>, who will coach attendees on leadership, communication and interpersonal relationships.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industry needs to work harder to attract young risk specialists, according to Synchron Director, Don Trapnell.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,6,248],"tags":[],"class_list":["post-28848","post","type-post","status-publish","format-standard","category-conferences-and-events","category-dealer-groups","category-training","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=28848"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28848\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=28848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=28848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=28848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}