FAAA opens ‘one-stop shop’ adviser career hub

The Financial Advice Association Australia (FAAA) has announced the launch of its new Career Centre, a dedicated resource for employees, job seekers, and career changers in the financial advice profession.

According to FAAA, employers can use the portal to promote jobs directly to financial advice professionals, with FAAA members eligible for a discount when advertising job vacancies.

Moreover, the portal will allow job seekers to highlight their experience and qualifications to recruiters, browse financial advice-focused roles, sign up for email alerts when new positions are advertised, or upload their resume for potential employers to review.

It was also promised that those seeking a career change or wishing to enter the profession can refresh their resume, improve their LinkedIn profile, or simply engage with a career coach to review their career path.

FAAA general manager of education Anne Palmer said the Career Centre will serve as a one-stop shop for both members and non-members, whether they are recruiting, searching for a new role or seeking to further develop their skills.

“The portal will assist those in the advice profession, no matter where they are at in their careers,” Ms Palmer said in a statement on Tuesday.

“Future editions of the member communication – FAAA Weekly – containing the latest updates for members, will now include featured jobs with direct access to apply or create a new listing for your business. This will assist advertisers to reach qualified candidates as quickly as possible.

“This new resource has been designed to assist the busy working lives of our members and support them in their search for upcoming talent, a new challenge or resetting their career goals,” she concluded.

Last month, FAAA’s annual report for 2022–23 revealed that post-merger membership numbers had reduced by 11.7 per cent, noting that those who transitioned their membership to the new body after 30 June 2023 would be reflected in next year’s report.

“The membership categories most impacted were the practitioner category, with members experiencing the impacts of factors such as changes to education standards, plus changes to business models and the ongoing impact of onerous regulation,” the report said.

“These factors have resulted in a number of financial planners continuing to leave the profession.”

In 2022, overall member numbers sat at 10,954, while the FAAA said its 2023 membership count is now 9,670.