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There's an ongoing race to find Financial Advisor talent right now! Recently, David Testerman, Managing Partner of BROKERHUNTER, spoke about the perishing number of Financial Advisors. Testerman revealed that research is showing that there are only about 315,000 Financial Advisors nationally.
And there are over 161,000 Securities Branch offices in the U.S. competing for this very finite pool of Financial Advisors. Testerman shared that only 5% of Advisors are under the age of 30 and more than half are over age 50. This unbalanced gap is not being overcome as Tyler Cloherty of Cerulli Associates, Inc. explains, "The continual aging of the industry is not being offset by the influx of new talent. The wirehouses are starting to train people again, but it's not enough to make up for the number of advisors retiring and leaving the industry." Read More
SAVE THE DATE FOR THIS UPCOMING EVENT
Thursday, April 2, 2015, at 2PM Eastern
BROKERHUNTER University Session 12: Advanced Blogging - Creating an Engaged Community of Top Financial Advisors
This session will explore the best ways for a financial service company to implement a blogging program. A program that minimizes its impact on the day-to-day work of those employees who are blogging and maximizes its credibility and appeal among top financial advisors. But also, a program that provides a sustainable platform for promoting the company's culture, values and career advancement opportunity. Register here!
SPRING INTO ACTION!
50% Discount off Virtual Career Fair until April 30th!
Receive 50% off regular sponsorship of BROKERHUNTER'S Virtual Career Fair if registration received before 4/30/15. The event is scheduled for October 21st and is the most cost effective way to interview hundreds of qualified candidates without packing a suitcase! To take advantage of this special, call Jeff Testerman at 888-955-6795 ext. 202.
TIPS FROM BROKERHUNTER
Does the concept of networking seem overwhelming? Is networking your primary focus right now? So, let us ask, "How's your March Madness bracket doing?"
Networking may seem hard and endless, but if you break it down, like a basketball playoff bracket, you will see the power. Imagine your current employees as your starting teams. As you reach out to them for contacts of interest for recruitment, your numbers will dwindle. Some may have someone in mind, some may not. The game of networking continues and while a few names drop, the others remain. Anyhow, I think you get the picture.
Can you imagine how four new advisors will impact your branch? How about even two? Networking from within your team or field can increase your company's hiring choices. As a matter of fact, having better options in hiring can increase the chances of finding candidates that "fit" with your company. And ensuring the "fit" will increase retention, promote future referrals, and improve the overall culture of the company. So, if you can predict the final four teams, or even attempt to, you can network from the inside out!