The financial advice sector has been struggling to deal with the talent crisis; however, rising public attitudes towards becoming an adviser may help solve the problem.
IFA network Openwork surveyed over 2,000 UK adults and found 59% would consider a career as a financial adviser.
This is an increase from the 45% who were interested in its last survey in March 2019.
But, the availability of training is crucial to getting people into the industry – more than a quarter of all adults surveyed (27%) said becoming an adviser is dependent on whether support was available.
Demographics
The Openwork research also found that over half of women (54%) surveyed would consider a career in the sector, but becoming an adviser remains more popular among men (65%).
Some 66% of 18-24-year olds would be interested in pursuing a career in advice.
Claire Limon, director of learning and acquisition at Openwork, said: “With the demand for advisers increasing, it is reassuring that more and more people are considering the move and that its attractiveness as a career has only grown.
“However, our research found training support is vital.”
