For firms looking to put recent graduates to work drafting financial plans, would-be advisors say that’s not what they want. Instead, they desire positions with a first-hand view ofhow financial services can help clients.
More than a third of advisors say they plan to hire a junior associate over the next year, according to the 2015 Trends in Adviser Compensation and Benefits study, conducted by the FPA in partnership with Financial Advisor IQ. Another 18 percent of firms across all channels say they’re looking to hire a paraplanner.
But three current financial planning students—all recent recipients of TD Ameritrade’s NextGen Financial Planning scholarships—noted the importance of working at a firm that allows them to be an active part of the team, rather than back office support.