If you run a financial advisory business, you know how hard it is to get the right talent on board. Even the senior profiles can sometimes not be a good fit for your business.
But there’s no other way around it than hunting the right talent. That is if you want to take the business to new heights. If you want to stay mediocre, you can get talent from the same league.
We are here to help you get the talent that helps you grow. In this article, we shall help you attract the right talent amongst the candidate pool. Here are a few traits that your ideal candidate must have:
A solid finance background
This is the primary. A lot of people think that financial advisors are those who tell their clients to be short or long in the crypto markets. That’s hilarious but sad as well.
That’s not what advisors do. They analyse the markets, clients, and other variables and come up with the best investment solutions.
Your ideal candidate should do that too. They should have a solid financial background with great knowledge about working financial models.
Zest for learning
Financial markets evolve with time. Your ideal candidate will be someone that knows how to keep up the pace.
You should be particularly vigilant of this quality when you interview the candidate. If they look enthusiastic about learning new things and tools, then you can plan a long-term future with them.
Should know the basics
It’s a surprise that a lot of champion financial advisors fail in this domain. They either don’t know the basics or don’t pay attention to it.
Many don’t even know the importance of a financial risk assessment questionnaire. They don’t even bother reading one before consulting the client.
It’s your job to know about all this before you hire the right talent. If you hire someone slacky in this regard, you can easily end up losing clients.
Updated with the tech
Financial advisory is becoming better and better with tools and analytics. Your ideal candidate should know data crunching and get the right numbers to come up with better solutions for your clients.
If you get someone who’s tech-savvy, then they are surely worth having in the team. Financial advisors with an understanding of tech will have a promising future.
Soft skills
Don’t just be looking at the technical skills when you hire someone.
Financial advisory is a client-centric business. You need to have people in your team that know how to handle the clients well. It’s one thing to have the charts and stats on the screen. It’s another thing to communicate the intended message to the clients.
Financial advisors with a solid technical background and impressive soft skills are gold mines. They can easily be the walking marketers of your business. If you find someone like that, try your best to get them on board.
Final Words
Getting competent financial advisors in your team is essential. The above-mentioned traits are the ones your ideal candidate shall have.
The cost of hiring them and other logistics are for you to settle. But if you find a great fit, then make possibilities to have them with you. Because in essence, all businesses grow only to the point of the competence of their employees.
With that said, to get the right questionnaires and risk tolerance survey for your firm, contact Pocket Risk right away!