Advisory Firms "Hiring Like Crazy," Recruiters Say

Wednesday, January 19, 2011 00:59
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Advisory Firms

Growth-oriented RIA firms have jumped to start expanding their advisory benches after the recession, and now there's hints that the rest of industry is gearing up to join the rush to recruit new talent.

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A great report from RIABiz sets the scene: to attract in-demand advisors, firms are paying at least $100,000 a year, plus bonuses and equity.

 

With Fidelity teaming up with HR firm Manpower to give its affiliates access to professional recruiting tools, it looks like what we've seen so far is only the first tingle of a hiring boom on the horizon. If 60% of all firms are actively hiring and 73% of them have already beefed up their payrolls, we could be seeing a real running of the bulls.

 

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