Tackling the Millennial Advisor Recruiting Problem

Financial advisors have a difficult job: keeping up with the markets, following ever-changing regulations, growing their business, protecting clients’ assets, and sometimes even protecting clients from themselves when a market drop or hot new investment trend makes a bad idea look good.

In fact, a survey conducted late last year by Adhesion found more than two-thirds of advisors rated their stress level as 7 or higher on a 10-point scale, even though 90% said they enjoyed their work.

Advisors who are adding “looking for new talent” to their list of stressors at work should have an established process for bringing new advisors into the firm to make sure they’re a good fit and up for the job, according to Matt Matrisian, senior vice president of practice management and strategic initiatives at AssetMark.

Read more from ThinkAdvisor here

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