Looking ahead to 2010, I’m seeing more and more articles indicating that wealth management and financial planning firms plan to hire staff in the next 12 months (see InvestmentNews and Investment Advisor for examples).
But when the time arrives to hire for your firm, will you rely on providence or planning to find the right employee?
When I say rely on providence, I’m referring to firms that cast a wide net by posting want ads across the Internet and wade through the deluge of résumés that pour in. Yes, posting a job description on industry related sites is more likely to generate qualified candidates, but firms are hoping that ideal candidates are constantly watching the job postings for new positions. Hence the reference to providence.
So instead of relying on chance to find the right employee, advisors should turn to organizations that specialize in matching talented individuals with open positions.
Last year I reviewed Succession Registry (although now the site redirects to Practice Lifecycle which also looks inactive) and now I want to highlight a newcomer to the recruiting scene, New Planner Recruiting.
Established earlier this year by Caleb Brown and Michael Kitces, New Planner Recruiting aims to place students enrolled or graduating from CFP Board registered education programs with firms seeking full-time entry level talent.
There’s a lot of good information on the New Planner Recruiting website, so I encourage advisors to visit the site and learn more about the services provided.
Addendum
Here’s my short list of some of the better industry related job boards out there for firms who like to cast a wide net.
- FPA® Career Center
- Local FPA Chapter Job Board (click here to find a chapter, click here for FPA DFW’s Job Bank)
- NAPFA Career Corner
- Financial Planning Magazine Job Discussion Board
- InvestmentNews Career Connection
- Ok, I concede; your local Craigslist (I admit, I’ve been hired before through Craigslist)
