Shrinking Talent Pool Puts Strain on Advisory Firms
Below is an excerpt from an InvestmentNews article. The article points out the challenge firms are currently facing with a shortage of advisors. Pointing to powerful statistics, such as the expectancy for the industry to face a shortfall of at least 200,000 advisors by 2022, the article cites several factors for the shortage, including a cutback in training programs for new advisors, too small of a pool of new graduates earning financial planning degrees, and demographics of the current advisor population.
“It takes an average of 48 working days, nearly 10 weeks, to fill an open financial services position, according to DHI. That average has climbed steadily each year since 2009, when it took about five weeks, the analysis found.”
Here’s a great article from Forbes on the true value of financial planning – and the ways in which it differs from investment management. Click for...read more
Networking can be vitally important to our careers in many ways. This article from Harvard Business Review debunks some pervasive myths that might be holding you back from engaging with others within your industry.read more
The emergence of so many affluent millennials participating in the market is starting to change the way the wealth management industry approaches them. "...with new expectations around satisfying needs and terms of engagement, they have increasing wealth and different...read more
With wealth management becoming increasingly digital, many within the industry still view this advancement as solely geared toward millennials. Much to the contrary, wealth management technology could serve Baby Boomers just as much as younger generations. Fox...read more
Russell Investments has created a new metric to evaluate publicly traded companies based off ESG principles. This is a significant step for ESG investments, making it easier to evaluate companies on ESG criteria and compare them based on these metrics. The new scoring...read more
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Latest posts by Tricia Baxter (see all)
- A Road Map for College Women Pursuing a Career in Wealth Management - October 9, 2017
- 2017 MMI/Barron’s Industry Awards – Doing Good Award recipient - October 5, 2017
- Five Reasons Women Are Taking The Lead In Financial Planning - August 14, 2017