Advisers value a friendly workplace

An increasing number of advisers are looking to join companies that offer high levels of support and camaraderie, according to adviser recruitment specialist Paul Mattock, Head of Partnership Recruitment at Foster Denovo.

The search for a friendly place to work is because many feel too isolated in their current roles, added Mr Mattock. As a result the firms that offer support stand to attract the best advisers and planners.

Mr Mattock said: “Increasing numbers are no longer just driven to move by the rate they are paid.  Rather, they are happy to benefit from the extra support they can receive, the ability to spend more sought-after quality time with clients and the increase in revenue this approach can provide.

“Again, the comment I frequently hear when meeting advisers considering joining us is how isolated they feel in their current role – lacking support on every level.  Large numbers operate entirely on their own, but would prefer to surround themselves with other like-minded individuals and a strong team of support staff in order to improve their skill set, cut down on administration and operate at optimum capacity.”

Paul adds: “I’d argue that some isolated advisers, or those who operate entirely on their own, typically carry on providing the same type of advice and fail to have the time or support to enable them to widen their skill-set and knowledge base.  This is undoubtedly to the detriment of their clients.”

Read the full article on FT Article Adviser here.