Meet Your Specialized Team

How to imagine a long-term human capital plan tied to knowledge

This illustration provides some possible members to include in your team as part of a long-term plan.

When developing your team, do not overlook the importance of paraplanners and junior advisors. The former can be invaluable in ensuring your firm operates efficiently and relieving the burden of administrative tasks from senior advisors or upper management personnel.

Meanwhile, an associate or junior advisor can play a crucial role in cultivating lasting relationships with younger individuals, especially those within multi-generational client families who may not meet your AUM threshold.

Administrative Assistant

Administrative Assistant

Paraplanner, FSCP®

Associate Advisor, WMCP®

Financial Advisor, WMCP®, CFP®, ChFC®

Senior Financial Advisor, CFP®, RICP®

Senior Financial Advisor, ChFC®, CLU®

Partner/Director, CFP®, ChFC®, ChSNC®

Partner/Director, ChFC®, CAP®

Founder and CEO, CFP®, ChFC®, MSM

With many firms, as their clients age, so do their advisors. These firms may face a future with limited potential without younger team members and younger clients.

Having a diverse client base is essential for ongoing growth. When you hire an associate advisor, they do not need to already have their Wealth Management Certified Professional® (WMCP®) designation. They can work to obtain the knowledge required while they aid your firm in accumulating assets.

Ongoing and advanced financial services education for emerging RIAs is an area of support often overlooked during a transition. Identifying the advanced financial education programs that will best support the development of your team ensures employees are equipped with the knowledge to advise your clients properly.

SEE HOW YOUR PEERS ARE BUILDING KNOWLEDGEABLE TEAMS FOR SCALE

View results of our RIA survey to see how you measure up.

VIEW SURVEY RESULTS

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