Jun
11
2009
When Opportunity Knocks: How Do You Know It’s Time to Hire an Advisor?
Posted by Angie Herbers in UncategorizedI’ve received a number of e-mails about my May column “Coming of Age” in which I pointed out that the recent economic downturn has flip-flopped the job market for young financial planners: Instead of a “seller’s market” where they had many job offers and commanded high compensation packages, we now have a “buyers” market, in which a limited number of job opportunities put potential employers in the proverbial driver’s seat.
Many of the e-mails ask the same question: Since the down markets affect firm economics, too, how do advisors decide when is the right time to hire a new advisor?
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