Helping Your Younger Advisors Give Back to the Community

Beverly Flaxington is a practice management consultant. She answers questions from advisors facing human resource issues. To submit yours, email us here.

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Dear Bev,

Our firm hired a couple of very talented millennials. They were top of their class in finance at their respective universities and have deep knowledge. We have no problems with their technical knowledge or contributions to the firm.

But they push us (the three partners) on our “value to the community.” They want to know what we are doing to give back, how we view ourselves as supporting charities and those less fortunate. One of them, in particular, is quite vocal about it. I wouldn’t call her aggressive but she asks questions every chance she gets either to us directly or in our staff meetings.

It makes my partners and I think she doesn’t believe we are good people. We each donate a sizeable amount every year to a number of charities, but I don’t believe it is her business to know what those amounts are, and what we do. She has hijacked the other millennial so they are both repeatedly asking about this. I told them I would support any initiatives they have to donate their time or give back. But I can’t allow them to spend hours and hours doing this.

Am I crazy or doesn’t this generation understand financial advisory is a profit-making business. We are here to help our clients. But we aren’t here to save the world. If that’s what these folks want to do, then they should work for a charitable organization instead of pushing us to contribute our team’s resources.