To recruit or retrain, that is the question.
Should I recruit new advisors, train from within or look to acquire seasoned advisorsInvestment firms and financial advisors are grappling with the questions of whether they should recruit new talent, train from within or look to acquire experienced professionals from other firms.
Regardless, every investment firm need a carefully curated pool of employees with the right mix of skills and backgrounds.
Experienced financial advisors serve as examples and mentors for those new to the industry, whereas new advisors bring energy and ambition to the team. And with a large proportion of advisors reaching retirement age over the next decade, investment firms will need both brand-new advisors and veterans to fill the ranks.