Client demand for quality financial advice has prompted dealer group Securitor to develop its own cadetship program.
The St George-owned dealer group is in the development stage of the program, which will not only boost adviser numbers but also help recruit new talent for other financial services roles within Securitor.
“We believe that there are a number of roles that people can be attracted to in the financial planning industry,” Securitor head Neil Younger said.
“It doesn’t necessarily mean that everyone coming into the industry needs to be a financial planner. There are business managers in financial planning practices, there are paraplanners, there are support administrators and there are financial advisers.
“So our objective is to attract the people to the industry to perform a whole array of functions, some of which may in fact become financial planners. Others will do other functions within planning businesses.”
The new program has been in the development stage for the past four months.
The next step was deciding how it would fit within the Securitor network in terms of creating appropriate career paths for each cadet, Younger said.
“What we need to do is when they come into the industry is that we need to create pathways for them,” he said.
“The pathways are about putting them into the right role in the right time but then giving them the ability to learn from that point.”
Securitor’s decision to create a cadetship program rather than develop an academy structure came down to quality of advice, he said.
Younger could not comment on when Securitor would take in its first round of candidates.
Other financial services groups to offer a cadetship program include MLC and Count Financial.
Last year AMP Financial Services set up its own financial planning academy.
