Wealthtech sits at the meeting point of two fast-moving parts of the economy: digital technology and financial services. The scale of the digital side is striking. The updated digital and technology sector now contains 107,082 companies, representing 5.2% of all companies in the UK GOV.UK – Digital and Technologies Sector Economic Statistics. That is a large and active base of employers, and wealthtech firms draw their engineering talent from it.
Employment in the sector is tracked closely too. The government measures the number of filled jobs in the UK digital sector, with the latest figures covering April 2023 to March 2024 GOV.UK / DSIT – Digital Sector Economic Estimates: Employment. For anyone building a wealthtech team, that signals a deep pool of technical workers, but also real competition to attract them.
Wealthtech needs both builders and advisers. On the engineering side, firms hire from the same broad digital base that spans more than 107,000 companies GOV.UK – Digital and Technologies Sector Economic Statistics, competing for developers, data specialists and platform engineers who can ship secure, regulated products.
On the advice side, the pattern is more specific. In the financial services sector, recruitment was generally for Regulatory Qualification Framework (RQF) level 6 and above roles, rather than levels 3 to 5 GOV.UK - Temporary Shortage List: Stage 2 report. In plain terms, employers are reaching for higher-qualified, more senior advisers rather than entry-level staff. That shapes how wealthtech teams grow: deep technical hires alongside experienced, well-qualified advisory professionals.
Start with the qualification bar you actually need. Because financial services recruitment leans towards RQF level 6 and above roles GOV.UK - Temporary Shortage List: Stage 2 report, write role requirements that name the exact qualification and regulatory experience, so you shortlist the right people from the first day.
Next, move quickly. With a large pool of digital employers competing for the same engineers GOV.UK – Digital and Technologies Sector Economic Statistics, a slow process loses strong people to faster rivals. Keep your stages tight, give clear feedback and make decisions in days, not weeks.
We built our AI recruitment agent to help wealthtech employers find the right engineers and advisers fast. We search a database of 15 million candidates, rank a shortlist in under 30 seconds, contact matched people in under a minute and can book an interview in under three minutes. Our recruitment agent manages recruitment end to end for 8% on a successful hire, with no monthly fee and no upfront cost. If you are growing a wealthtech team, Reed.ai is ready to help you start today.
