12.07.23

RIAs Are Providing More Than Just a Paycheck To Keep Talent

by: Ali Hibbs

About 75% of registered investment advisory firms were hiring in 2023, including some with hundreds of open positions, according to a report from Charles Schwab Advisory Services. As the battle for talent has intensified, firms are becoming more proactive, found Schwab. A growing number are offering not only an attractive paycheck but implementing a range of other organizational initiatives, compensation methods and professional support systems to draw talent and maintain loyalty. “When I talk to groups of advisors, I find there’s a deep appreciation that talent is really the differentiator of the future,” said Lisa Salvi, Schwab’s managing director in charge of business consulting and education. “So, I'm seeing a lot of focus on those talent-related programs right now.”

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