St. James's Place Capital on advisor hunt

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Private bankers with a yen to get out of the City of London may want to field their CVs to St. James's Place Capital, the wealth management specialist with offices as far afield as Newcastle and Solihull.

According to The Times today, the company is desperate to recruit high quality salespeople to fuel its expansion. It employs some 1,148 financial advisors, and aims to expand that number by 5% a year, but last year only achieved a 1.5% increase. This is despite apparently paying twice the national average, at between 70,000 and 80,000 per annum.

The group is quoted as saying that independent financial advisors, whose average age is 53-54, are a dying breed. It has enlisted Tony Dunk, a recruitment specialist based at its Cirencester head office, to try and rustle up new recruits.

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