How to Recruit Top Talent

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The post-pandemic labor market remains extremely tight, which is making it hard for businesses in many industries to find and hire the employees needed to grow. This is especially true for RIA firms, which have experienced an increasingly competitive hiring landscape.

Human capital is critical to the success of an RIA firm, so it’s important to devise strategies for hiring and retaining top industry talent. Smaller RIA firms have an even bigger challenge, as they are competing against larger firms with deeper pockets in the quest to hire the best and brightest employees.

The first step in winning the “war for talent” is understanding what your potential employees want. A successful financial advisor with a healthy practice is typically looking for an RIA firm that offers a robust technology platform, a strong support framework, career growth opportunities, and a competitive compensation package. It’s likely that they are also seeking a high degree of freedom, flexibility, and control over their business.