Large national and network firms have a responsibility to attract the next generation of advisers to replace those retiring, according to the joint chief executive of SimplyBiz.
Speaking to New Model Adviser®, Matt Timmins said firms with ‘deep pockets’ such as St. James’s Place (SJP) and Quilter need to do more to entice youth to a career in financial advice.
‘The likes of SJP, Quilter and other restricted businesses have a responsibility to bring in new blood and they have the deep pockets to do it. It is a really, really good profession and I don’t understand why the industry doesn’t inject more young people,’ he said
SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom.