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Demand for planners "unbelievable"

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By Victoria Young
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3 minute read

A recent survey has shown that financial planners have never been so in demand and can command bumper salary packages.

Senior financial planners are in red hot demand in Melbourne, Victoria and Tasmania, data from recruitment specialist eJobs has found.

A record 320 financial planning industry jobs were advertised in March - up a quarter on the same period last year.

"Senior advisers are in hot demand," eJobs Recruitment Specialists managing director Trevor Punnett said. 

"People want employees that are up-and-running and proven. Wages are unbelievable. For those high salaries employers expect planners to take a client base with them,"

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Of all the financial planning jobs advertised, 45 per cent were for senior financial planners and paid more than $90,000 a year, eJobs found.

"This is an extremely high proportion and demonstrates demand at the top end," Punnett said.

According to eJobs, a certified financial planner (CFP) with self-managed super fund (SMSF) experience can earn up to $100,000 a year.

Adverts for financial planners with some industry experience covered the broadest wage spectrum. They can earn anything between $30,000 a year and $180,000 a year.

The highest demand was for qualified planners with more than three years' experience with adverts offering $70,000 a year. At $80,000 a year a CFP was a requirement and $90,000 a year stipulated SMSF accreditation.

Demand for paraplanners remains high, according to the eJobs survey, but supply is at rock bottom. The average advertised salary was $55,000.

The latest eJobs figures show demand for industry staff in New South Wales continues to be double that of any other Australian state at 43.8 per cent.

Of the remaining pie, Melbourne has 21.6 per cent, Queensland has 20.9 per cent, Western Australia has 9.6 per cent and South Australia 4.1 per cent.

"The financial planning industry in the last 10 years has seen one of the biggest growth spurts and there's no sign of it abating," Punnett said.