Would You Trust a Young Financial Adviser? This Initiative Wants You to

Why
is
that
happening?

Ask
any
adviser
and
they
will
tell
you
that
their
profession
has
undergone
multiple
and
overlapping
phases
of
regulation,
professionalisation,
and
private
equity-driven
(and
very
publically-scrutinised)
consolidation.
It’s
also
survived
a
pandemic
and
the
onset
of
scalable
wealth
management
technology.

You
might
think
that
would
turn
the
tendency
for
advisers
to
retire
in
the
50s
and
60s
into
an
overpowering
trend.
You’d
be
wrong.

One
reason
the
numbers
are
slowly
on
the
up
is
a
clique
of
public-spirited
financial
advice
experts
who
have,
through
a
combination
of
business
launches
and
their
own
sheer
goodwill,
encouraged
new
candidates
and
second
careerists
to
join
their
profession.

The
biggest
name
on
the
block
in
this
regard
is
NextGen
Planners.
Founded
in
2017
by
two
financial
adviser
friends
who
wanted
to
offer
younger
financial
planners
and
paraplanners
a
safe
space
to
discuss
best
practice
and
business
ideas,
it’s
now
an
established
limited
company
offering
their
colleagues
everything
short
of
what’s
known
in
the
biz
as
“authorisation”
–
the
permission
needed
to
give
formal
recommendations
to
clients.

Be
it
exam
support,
training
ideas,
or
personnel
support,
NextGen
Planners
can
be
considered
a
best-in-class
provider.
Only
it
knows
precisely
how
many
advisers
its
efforts
have
created.

Other
businesses
are
also
making
serious
contributions
to
this
agenda,
however.

Some
of
them
are
financial
advice
businesses
in
their
own
right
with
so-called
“academies”
whose
learning
programmes
take
school
leavers
and
university
graduates
from
“zero
to
hero.”
But
there
is
also
a
micro-economy
in
adviser
support
businesses,
and
one
of
them
is
launching
a
new
partnership..

The
Verve
Group
helps
people
start,
build,
and
refine
financial
advice
businesses.
But
under
that
moniker
sits
a
smaller
but
significant
operation
called
The
Verve
Foundation,
whose
not-for-profit
programme
We
Are
Change
offered
people
whose
careers
were
disrupted
by
Covid-19
the
chance
to
earn
a
funded
Level
4
Chartered
Insurance
Institute
qualification.
More
than
400
people
applied
in
its
first
two
weeks.

Two
weeks
ago,
however,
the
company
took
another
step.
To
bolster
the
offering,
it
has
partnered
with
recruitment
firm
Antony
George
Recruitment,
the
UK’s
first
subscription-based
recruitment
agency
for
the
financial
planning
and
advice
world.
The
move
creates
a
pipeline
that
will
hopefully
put
advisers
behind
desks
at
financial
planning
firms
across
the
UK.

“Our
We
Are
Change
programme
operates
through
sponsorship
from
established
firms
and
providers,”
says
Hayley
Rabbetts,
head
of
The
Verve
Foundation.

“Those
sponsors
can
recruit
from
the
talent
pool
but
when
there
aren’t
roles
available
through
existing
sponsors,
we
need
to
ensure
there
are
still
opportunities
for
our
students;
working
with
Antony
George
will
allow
us
to
achieve
that.

Adds
Lewis
Byford,
co-director
at
Antony
George:
“the
financial
services
industry
is
in
constant
need
of
fresh
perspectives
and
diverse
talents.

“Our
collaboration
aims
to
bridge
the
gaps
between
skills
development
and
employment
opportunities,
ensuring
aspiring
individuals
entering
the
finance
sector
receive
the
necessary
training
and
support
for
a
successful
career.

“The
values
of
The
Verve
Foundation
resonate
with
our
commitment
to
adopting
positive
change
in
the
industry,
and
we
look
forward
to
working
together
to
empower
and
uplift
the
next
generation
of
financial
professionals.”

And
that’s
just
one
reason
why,
as
with
so
many
of
such
initiatives,
the
next
person
you
talk
to
about
investing
a
windfall
or
planning
your
retirement
could
be
under
the
age
of
35.

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