Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
09 July 2025 by Maja Garaca Djurdjevic

SEC clarity sets stage for Australia’s next crypto ETF push

Australia’s cryptocurrency ETF market could be poised for its next wave of development as US regulators open the door to a broader suite of digital ...
icon

Defence and precious metals top ETF charts in first half of 2025

Defence and precious metals have emerged as the strongest-performing ETF sectors over the past six months, fuelled by ...

icon

‘This is a new RBA’: Economists caught off guard by surprise decision

Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the ...

icon

Diversified strategies power double-digit super returns over volatile year

Brighter Super and Mercer Super have reported double-digit returns, crediting diversified strategies and long-term focus ...

icon

Institutional investors ‘aggressively’ buying into risk

Institutional investors have increased their risk exposure over June amid tempered levels of market volatility

icon

GQG warns of flow headwinds as funds lag benchmarks

Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund ...

VIEW ALL

Demand for bank planners grows

  •  
By Alice Uribe
  •  
4 minute read

Job ads for bank planners have grown but independent boutiques remain reluctant to boost adviser numbers, according to eJobs.

An increase in the number of positions advertised by the major banks has suggested a growth in the proportion of bank planners to non-bank planners, according to the latest statsitics from eJobs Recruitment Specialists. 

"A large proportion of the major retail banks have been advertising heavily for senior advisers for their various branch locations," eJobs said.

"By comparison there have been very few independent, boutique and dealer group practices looking to increase their adviser numbers."

Although job advertisements had stabilised, they were still down 59 per cent nationally over the three months to 31 July from the previous corresponding period, eJobs said.

Meanwhile, eJobs has also completed a sentiment survey which said the financial planning industry is also expecting a long period of low activity.

 
 

"Practices are still looking to survive this downturn, rejig business models and move as many clients to fee-for-service as possible," eJobs principal Trevor Punnett said.

"They are also looking to utilise technology more, outsource more and move to employing more part-time staff."

According to the client survey with 116 respondents, 61 per cent of financial planning practices had not lost any staff but had instead chosen to lower hours or decrease wages.

Thirty-nine per cent had lost staff since November 2008 due to natural attrition or a reduction in days worked. However, a quarter of these had since employed new staff in similar or different roles.

While 44 per cent of respondents believed a turning point in profitability had been reached, many felt this was the start of a slow journey back to higher profitability levels, Punnett said.