The competition for new and experienced individuals in the RIA channel is at an all-time high. Employees of RIAs have more options and opportunities than ever before—requiring leaders of RIA firms to be acutely focused on the management of human capital, compensation, benefits and retention.
In this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Management, speaks with Brandon Kawal, principal of Advisor Growth Strategies, on the keys to attracting, developing and retaining key talent in the RIA industry.
Specifically, Mark and Brandon discuss:
- How quiet quitting has impacted the RIA industry;
- What can business owners do to increase employee retention and satisfaction levels;
- Where RIAs can source new talent for new roles; and
- How RIAs are reimagining compensation, benefits and rewards