The March 2015 Employment Situation Report* revealed an upward trend in professional and business services. Specifically, the finance and insurance industry rose 6% from February to March. As a matter of fact, "The private sector has added 12.1 million jobs over 61 straight months of job growth, extending the longest streak on record." **
Although growing, the Financial Services industry is facing a crisis. Companies are searching to fill and replace their aging advisors. At current Ceruilli reported that 32 percent of all advisors will retire over the next 10 years. This mass exodus from the industry is driving companies to find ways to economically find and train new talent. However, the expense of training and lack of qualified talent is leaving Companies competing for... You!
That's right, you may be just what they need. As the employment report indicated, the industry is growing and searching for qualified advisors seeking to join their firm. Not only do they want you, they also want you to share your knowledge with new younger advisors. So, we will leave you with one uplifting thought-You have the knowledge, training and talent that Financial Services Companies need now!
*U.S. Bureau of Labor Statistics, The Employment Situation Report, April 4, 2015
**Council of Economic Advisors, The White House- Jason Furman on April 03, 2015