Beata Kuczynska / Professional Planner
The introduction of Employee Share Schemes (ESSs) can be key in the retention of talent, but whether it’s the best option for all advice businesses depends on the specific model.
ESSs are becoming more common as advice businesses recognise the benefits to both the company and the advisers.
Integro Private Wealth recently introduced its own version of an ESS, with financial adviser Bryce Wild coming on board as a company shareholder.
Integro managing partner Justin Gilmour tells Professional Planner there are several benefits to the adoption of an ESS.
Gilmour says a key reason for introducing this type of scheme is that it helps attract and retain talent, as well as ensuring continuity with clients.
“In wealth management, obviously it’s about a long-term relationship, so the retention of your team is critical,”
