Greater promotion of advice to young people, a pathway for international students to work in Australia and more flexibility in the way ASIC licences advisers wanting time off are three ways to attract more advisers to the profession, and advice can be made a more attractive career for females, an industry roundtable has heard.
Speaking at the second Women in Financial Advice roundtable hosted by Professional Planner and the Stella Network, and sponsored by BT Financial Group, Financial Advisers Association of Australia (FAAA) chief executive officer Sarah Abood suggested the industry adopt an extensive program to market the profession to high school students and parents. Abood also urged other roundtable participants to help improve diversity and flexibility, as well as increase understanding of financial advice. She stressed the need for the advice profession to work on its reputation and educate young people about advising because there is currently a lack of understanding.