{"id":4725,"date":"2010-01-29T22:53:32","date_gmt":"2010-01-29T12:53:32","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=4725"},"modified":"2020-01-28T22:59:18","modified_gmt":"2020-01-28T11:59:18","slug":"planners-moving-to-larger-firms-boutiques-out-of-favour","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/01\/29\/planners-moving-to-larger-firms-boutiques-out-of-favour\/","title":{"rendered":"Advisers Moving to Larger Firms &#8211; Boutiques out of Favour"},"content":{"rendered":"<p>Financial planners\u00a0are voting with their feet as recruitment firms report a &#8216;dramatic shift&#8217; by advisers to the bigger\u00a0end of town.<\/p>\n<p>While recent and proposed acquisitions within the sector\u00a0have and will, lead to a consolidation within the already large institution-owned dealer groups, recruiters are reporting that advisers are, in any case,\u00a0heading towards these groups for their own reasons.<\/p>\n<h6>&#8230; before the Global Financial Crisis, many candidates liked the freedom and entrepreneurial focus of the boutiques<\/h6>\n<p>In a recent article by eFinancialCareers&#8217; <strong>Simon Mortlock<\/strong>, Mr Mortlock reports a recruitment consultant as explaining that before the Global Financial Crisis, many candidates liked the freedom and entrepreneurial focus of the boutiques, but there has since been a dramatic shift, with most advisers in the market for a new dealer group licensee preferring firms with:<\/p>\n<ul>\n<li>A large market share<\/li>\n<li>A huge referrals network<\/li>\n<li>Good career development<\/li>\n<li>Stability<\/li>\n<\/ul>\n<p>If this is the\u00a0prevailing attitude from advisers, as evidenced by\u00a0the activity within the recruitment market, it may simply reflect the current economic cycle.\u00a0 Over time, as economies stabilise further and the markets head for a new growth cycle,\u00a0other consultants have predicted\u00a0that opportunities for new boutique firms will emerge.<\/p>\n<p>However, while the popularity of the large firms and boutiques for advisers may often reflect economic cycles, it will be of great interest to observe any changes to this cycle\u00a0that may occur as a result of the impact\u00a0of industry reform measures such as the eleven recommendations stemming from the Ripoll Inquiry into\u00a0Financial Products and Services which may be implemented.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial planners\u00a0are voting with their feet as recruitment firms report a &#8216;dramatic shift&#8217; by advisers to the bigger\u00a0end of town. While recent and proposed acquisitions within the sector\u00a0have and will, lead to a consolidation within the already large institution-owned dealer groups, recruiters are reporting that advisers are, in any case,\u00a0heading towards these groups for their [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4725","post","type-post","status-publish","format-standard","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/4725","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=4725"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/4725\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=4725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=4725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=4725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}