Link Wealth is ramping up efforts to tackle Australia’s financial adviser shortage, expanding its Beyond School program to equip high school students with critical financial literacy skills.
The initiative, launched in late 2023, has already reached over 300 students, offering free workshops on budgeting, superannuation, debt, investments, and savings.
With adviser numbers down to 15,600 — a sharp decline from 28,000 in 2018 — Link Wealth aims to introduce more young Australians to financial advice as a viable career path.
The program seeks to bridge the gap between financial literacy and career opportunities, ensuring students leave with confidence in managing their finances while considering financial advice as a meaningful career.
For investors, the adviser shortage presents both risks and opportunities.
A shrinking talent pool could impact financial services growth, but initiatives like Beyond School signal long-term industry resilience.
Other firms are also stepping in — Striver and BT have launched the Striver Career Pathways Program, aiming to introduce 5,000 new advisers over the next decade.
Meanwhile, the Financial Advice Association Australia (FAAA) continues to push for government-backed incentives to attract new entrants.
The financial advice sector is at a critical juncture, with firms racing to rebuild adviser numbers and strengthen industry credibility.
Investors should watch how education programs, regulatory shifts, and corporate initiatives shape financial advice's future in Australia.
As demand for trusted financial guidance grows, firms investing in talent development could see long-term gains in market positioning and client retention.
