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Guide to hiring and keeping top advisers

    Guide to hiring and keeping top advisers


    Not only do advisory firms have to ensure the right background checks are completed, as well as making sure the candidates have the requisite regulatory qualifications and accreditation, but also it is important to get the right sort of candidate to fit the company culture.

    While taking your time to hire the right adviser can seem laborious, getting it right is essential not only to protect your firm but also to protect your clients.

    This guide will cover various regulatory requirements when it comes to hiring advisers; overcoming potential difficulties in finding the right adviser post-Retail Distribution Review; whether to hire an experienced adviser or train a young starter from scratch; and how to nurture the new starter so they stay with your firm.

    Contributors of commentary to this guide include: Derek Bradley, founder of financial advisory forum Panacea Adviser; Martin Bamford, chartered financial planner for Informed Choice; John Joe McGinley, founder of Glassagh Consulting; Arpita Dutt, partner at Brahams Dutt Badrick French LLP; the Financial Conduct Authority; and Unum.

    In this guide


    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. For how many years had a female adviser been faking her SPS, according to the FCA?

    2. The FCA expects you to review your current permissions if you add a new product or client type to your business line. True or false?

    3. What news story might put people off joining financial services, according to Mr Bradley?

    4. What is part of the senior managers’ regime aiming to root out?

    5. According to Mr Bamford, what can be helpful for prospective employers to monitor?

    6. How many staff believed their company did not play a part in motivating them, according to Unum?

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