Financial advisory firm DeVere is to “significantly expand” its flagship graduate programme in an effort to secure new talent and fill an impending financial adviser gap, the company announced on Wednesday.
DeVere Group’s founder and CEO, Nigel Green, has confirmed that at least 125 graduates will take part in the programme this year, up from 94 in 2017.
Green commented: “Due to the ongoing success of the deVere Graduate Programme, which allows grad 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 continues: “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.’”
“The programme begins with a foundation period at the firm’s administrative hub in Malta and is followed by further training at one of the deVere Academies, which can be found in locations including Dubai, Malaga, Sydney and New York. By expanding our graduate programme, we’re keeping pace with a growing sector and securing new talent to meet the evolving financial needs and wants of individuals.”