A Fidelity Investment’s recent survey reported that 75% of Broker-Dealers and RIAs were focused on hiring in the next 12 months, and they plan to boost their staff by an average of 30%. With a U.S. unemployment rate of 9%+, that’s welcome news in the financial recruiter industry.
This report broke in late May and was reported in OnWallSteet by Lee Barney, Money Management executive. Of those looking to hire, 43% plan to hire advisors and brokers who have an existing book of business, thus supporting that advisors and money is “on the move.”
If you are an advisor looking to make a move to this arena there is more to look at and consider beyond a high headline payout. As a reputable and professional financial recruiter, Willis Consulting can assist you in looking “behind” the payout figure to compare fee-based account charges, technology costs, assessment charges, and ticket charges you’ll pay your broker-dealer.
Only by evaluating and comparing these will you be able to realistically look at your bottom line and make an informed decision.