Independent financial advisory firm deVere will “significantly expand” its flagship graduate programme to help secure new talent and fill the impending financial adviser gap.
Nigel Green, founder and chief executive of deVere Group, has confirmed that at least 125 graduates will take part in the programme this year, up from 94 in 2017.
Green said: “Due to the ongoing success of the deVere Graduate Programme, which allows graduate students to become qualified financial advisers often within two years, we will significantly expand it this year. We are committed to taking on at least 125 graduates in 2018.
“We now have advisers who started on the grad programme in every one of our major offices around the world. From Hong Kong to New York, Sydney to Dubai, Cape Town to Geneva, and beyond, they are there achieving their personal objectives whilst professionally helping our clients fulfil their long-term financial goals.”
He added: “With demand for sound, independent financial advice growing around the world, the baby boomer generation now in or heading into retirement, financial technology advances, and with many existing advisers exiting the industry due to the pressures of increasing regulation and/or retiring, there is a pressing need for the sector to step up and to train and recruit the next generation of wealth management professionals to fill the impending ‘adviser gap’.
“At deVere we’re committed to using our resources to doing just that, and in a bigger way than ever before.”
The programme begins in Malta at the firm’s administrative hub, then participants will receive further training either at one of deVere Academies, including locations in Dubai, Malaga, Syndey and New York.
Green said: “We’re confident that we can attract the best grads to become the new industry leaders as deVere is heavily focused on new fintech solutions which we believe are the future of the industry, we provide invaluable hands-on experience with high-net-worth clients worldwide, one-to-one in-depth mentoring from already established and successful financial consultants, training from leading institutions, opportunities to work all over the world, as well as formal industry qualifications.”
“By expanding our grad programme, we’re keeping pace with a growing sector and securing new talent to meet the evolving financial needs and wants of individuals.”