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.”
Kimberly Beck, Vice President of Advisor Education at Envestnet explains in her most recent LinkedIn article how a visit to her alma mater's Career Day benefited her more than she would originally have thought. "About halfway through, a graduate a few years ahead of...read more
Women advisors should not be afraid to make some waves within their firms if they want to succeed in new business. This piece from Amy Parvaneh, CEO of Select Advisors Institute, for Barron's explains how there are thousands of women in the wealth management industry,...read more
The gender gap in the wealth and asset management industry is one of the few gaps that is gradually narrowing. As money managers aim to catch the eye and serve women with high assets, those women will also express their values through their portfolios. The impact will...read more
Gone are the simple days when investing with a conscience meant excluding alcohol, tobacco and firearms from a portfolio. Today’s impact investors want their investments to align with a more rigorous standard of good while achieving a maximum return.read more
Put Women in Leadership Positions. A recent Edward Jones survey suggests that one solution to creating more gender diversity in the financial services industry is promoting more women into leadership positions. In fact, 52 percent of survey respondents think this is...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