Manpower Group’s 2019 Net Employment Outlook reported financial advice firms weren’t necessarily looking to expand their businesses right now, but wealth management job recruiter, SUPER Recruiter, has said risk and compliance officers are still in high demand.
SUPER Recruiters’ executive director, Sally Humphris, said the firm was experiencing the greatest demand from businesses seeking to acquire talented and experienced individuals in risk, compliance and governance functions, as well as data security.
“We can’t get enough professionals and are actively seeking well-experienced, proven people,” she said.
Humphris said the consequences of the Banking Royal Commission, combined with economic pressures and changing consumer preferences, meant that wealth managers required better risk and compliance insights.
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.