[pullquote]…staffing is up by 16% from six months ago.[/pullquote]
Good news for any financial advisors who work for or would like to make a move to an RIA firm.
There is an increase in compensation with most RIA firms that TD Ameritrade surveyed. According to this TD survey, “The number of registered investment advisors boosting salaries and bonuses for themselves and their employees has nearly doubled in the past six months to 39%, from 20%…”
These firms are now spending money on technology, marketing as well as employee benefits. nowing the high cost of employee benefits for small firms over recent years, it is impressive to see them increased.
This survey also stated, “…the number of advisors spending more on training is up 32% in the past six months…and staffing is up by 16% from six months ago.” This proves there is not only growth within the big wire houses; RIAs are also making a step in the right direction again.