Want to Compete For the Best Talent? It Begins With Your Hiring Process.

Eddy Ricci, Jr., CFP ®, CEPA ®: The practices with the best hiring processes have thought through what the primary purpose of each step in their process is prior to interviewing, and then share it (and timelines) with the candidates. Simply put, the best firms map out what they must know about the candidate and what the candidate must know about the firm/role, in each interview step.

Michael P. Connaughton, CFP®, CLU®, ChFC®:  The wealth management firms we see attract top talent have a well-structured hiring process.  They aim from the onset for candidates to walk away with a clear understanding of the firm’s values, how they service clients, ways team members collaborate, and the number of steps involved in moving forward.  Some of the key elements we’ve noticed is that hiring firms will include multiple team members in their interview process, allowing candidates to get a feel for their culture and growth opportunity while moving at a fast pace, with a clear timeline to keep momentum and best position them to hire their desired talent.