Shy-ann Arkinstall / IFA
As Australians continue to grapple with high inflation and subsequent cost-of-living increases, an employee equity partnership could be a way for young advisers to dip their toes into business ownership.
Speaking with ifa, Justin Gilmour, managing partner at Integro Private Wealth, explained how the rising costs of housing and mortgages over recent years have made it significantly more difficult for young advisers to start their own businesses.
“I think that the barrier to entry into the industry, into your own practice, is a lot greater than what it was,”
Gilmour explained that, due to higher house prices and mortgage pressures, younger advisers are lacking sufficient equity in their homes to help them start their own businesses, triggering the need for alternative solutions.
