Workplace Culture is Changing in Wealth Management
Most wealth management companies offer workplace cultures where money is used as the only way to attract and retain employees. While this model may have worked in the past, in today’s time, wealth management companies need to change a few things to attract and retain quality talent.
5 Tips for Better Client Relationship Management
A relationship manager manages communications with clients such as businesses, vendors, or partners. The relationship manager understands the client’s needs and meets them on time.
Successful Wealth Managers Are Taking a Different Approach
The Covid-19 pandemic has been brutal for everyone as it hugely impacts various aspects of life. Familial relationships and friendships suffered greatly because of the intense lockdown.
Approaches to Prospecting for New Wealthy Clients
Most people are under the impression that a wealth manager’s job is to advise wealthy clients on investment opportunities,
Staffing Struggles Continue for Wealth Management Industry
In order to retain great talent, you should pay slightly above the market and set the bar high so it will reduce the need for existing team members to shop around. If you wait until your people start looking, it will be too late. Bottom line - is its more effective to retain than replace.
How Thinking Differently Can Help Banks Attract and Retain the Best Talent
It is critical to have updated compensation levels to retain and attract talent. In other words. Top Wealth Management talent should not have to resign for the existing client to pay them what they are worth in the industry.