The Adviser Platform (TAP) has announced a new program to help advisers expand their businesses and draw new talent into the market in 2020.
The training program for new-to-industry advisers will include:
- Assistance with candidate screening
- Classroom-style training and assistance with accreditation
- Self-guided learning modules
- HR and accounting support
- Full-time admin and compliance support
- Ongoing mentoring to complement that provided by the business owner
TAP Managing Director, Ryan Edwards, says the company envisages welcoming 40-50 new advisers into the industry over the course of 2020.
“The regulatory shift has provided a fantastic opportunity for well-run businesses who are confident in their systems and processes to expand and fill the gap left by the 10-20 percent of the market that is forecast to be downsizing or exiting the market,” said Edwards.
But he noted the first few months with a new team member can be intense.
“Many businesses have a fantastic base and want to bring on a new adviser, but lack the time or resources to make it a reality. Most struggle to take time out of their business to properly recruit, train and mentor them,” he said, explaining as TAP can provide full-time operational support, business owners can be strategic about how they spend their time and focus on servicing their client base, canvassing referrals and growing their business.