Financial Advice Market Insights
There are many factors effecting financial advice salaries in Australia, including current education requirements and the increasing costs of providing financial advice. RIVA Recruitment has created a salary guide for financial advice in 2022 to reflect changes to the advice market.
Experienced client services professionals are in high demand, along with female candidates seeking to progress into adviser roles.
Additional market insights include:
- Attracting new entrants to the financial services industry remains a challenge with student numbers persistently low, and general perception of the financial advice profession negatively influenced by the Royal Commission.
- There is an increased demand from aspiring financial advisers for a structured approach to mentorship and development. This includes having clear career milestones and a defined pathway to becoming an adviser.
- Advice businesses recognise that employee priorities have evolved post-pandemic. Many organisations facilitate the demand for a healthy work-life balance by offering flexible working hours, along with the ability to work from home 2 days per week.
- Multiple financial advice firms have moved away from paying financial adviser bonuses, instead, financial advice firms have increased base salaries.
Contact Us
RIVA Recruitment specialises in financial services recruitment across Australia. If you are seeking a new employee for your business or you are seeking a new employment opportunity, please feel free to contact RIVA Recruitment via LinkedIn, on 0434 943 647, or email us at enquiries@rivarecruitment.com.au for further information.
