{"id":79233,"date":"2025-09-11T14:36:16","date_gmt":"2025-09-11T04:36:16","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=79233"},"modified":"2025-09-19T09:52:08","modified_gmt":"2025-09-18T23:52:08","slug":"lack-of-infrastructure-behind-adviser-shortage","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/09\/11\/lack-of-infrastructure-behind-adviser-shortage\/","title":{"rendered":"Lack of Infrastructure Behind Adviser Shortage"},"content":{"rendered":"
\n
\n

News that a shortage of financial advisers stems from a lack of infrastructure and training opportunities \u2013 rather than a lack of interest in the profession \u2013 attracted plenty of reader interest this week…<\/h3>\n<\/div>\n<\/div>\n

The shortage of financial advisers in Australia stems from a lack of infrastructure and training opportunities rather than a lack of interest in the profession, according to an Industry Round Table<\/a> hosted by AIA Australia and Riskinfo.<\/p>\n

Alisdair Barr<\/strong>, Founder and CEO of Striver, said his firm recently spoke with 250 Deakin University students, the vast majority of whom were unaware of the financial advice career pathway, but were keen to learn more. Despite this, he noted that many students who are interested struggle to find a way into the profession.<\/p>\n

He told the panel that the shortage of advisers is not the result of low demand from would-be entrants but of the high barriers to entry \u2013 a point mostly supported by the panel.<\/p>\n

\u201cThere’s a lack of structural ability for the profession to actually take people through a career pathway or a professional year,\u201d said Barr.<\/p>\n

…they go through all the hard work, and they leave…<\/p><\/blockquote>\n

While some firms deliver \u201cthe magic experience\u201d to help the next generation of advisers succeed, Barr indicated that too many businesses lack the skills, capability, or capacity to provide proper training.<\/p>\n

He also cited data showing that 20% of new advisers leave the industry within two years of completing their training.<\/p>\n

\u201cSo they go through all the hard work, and they leave,\u201d he said.<\/p>\n

Pina Sciarrone<\/strong>, AIA Australia\u2019s Chief Retail and Advice Officer, described the situation as a dilemma, pointing out that if more mature-age advisers had remained in the profession, their children might have followed in their footsteps. \u201cIntergenerational succession\u2026You don’t see as much of that anymore,\u201d she said.<\/p>\n