The Elements

June 27, 2017

Helping Financial Advisors with Better Hiring via PXT Select

Categories: Hiring & Onboarding, Practice Management

financial advisor hiring practices

If you need help with the hiring practices of your financial advisory firm, we have good news for you. Ironstone is proud to add innovative new selection assessment PXT Select™ to our offerings! The new hiring assessment empowers organizations like yours to navigate the competitive talent landscape with confidence and ease. You’ve often heard that a […]

May 9, 2017

A Millennial’s Take on Millennial Hiring Trends

Categories: Hiring & Onboarding, Millennials

millennial hiring study

As a Millennial, I found the MRI Network 2017 Millennial Hiring Trends Study  to be fascinating. While I have commented on Millennials hiring trends in past articles, there are some aspects of this current study worth highlighting. First, check out the interesting overview video from MRI Network that gives a solid snapshot of their findings: Analysis […]

June 14, 2016

5 Ways to Attract Millennial Workers to Your Firm

Categories: Hiring & Onboarding, Millennials, Practice Management

millennial employee

In my previous installment, I mentioned that hiring Millennial advisers is a great way to attract younger clients. As noted, research indicates 90% of Millennial clients want an adviser who is within 10 years of their own age, and firms with NextGen advisers are positioned to grow at a faster rate. Given this information, it […]

March 15, 2016

4 Critical Factors to Consider with Non-compete Agreements

Categories: Hiring & Onboarding, Human Element

Client Documentation

One major goal of a healthy financial advisor business is growth over time. Creating healthy growth often means building a larger group of professionals to bring in and handle the business. As the owner, after searching and evaluating good candidates, you bring in new advisors, train them, introduce them to your clients, and encourage them […]

June 16, 2015

10 Ways to Improve Employee Engagement through Your Onboarding Process

Categories: Blog, Hiring & Onboarding, Human Element

10 Ways to Improve Employee Engagement through Your Onboarding Process

Did you know that 90% of employees make their decision to stay with a company during the first six months of employment?¹  Despite spending an increasing amount of money and time on recruiting efforts, many firms ignore the imperative impact new employee onboarding provides. In today’s economy, coupled with the diminishing workforce supply, increased competition […]

February 3, 2015

Quick Tips to Improve Your Hiring Process plus 10 Awesome Interview Questions

Categories: Blog, Hiring & Onboarding, Human Element

Quick Tips to Improve Your Hiring Process plus 10 Awesome Interview Questions

One of the key aspects I’ve learned about the hiring process over the last 20 years is that a well thought out and formal approach to hiring will serve your firm in a multitude of ways. Too often, hiring processes are left to a “fly by the seat of your pants” approach, which in the […]

December 9, 2014

Top 14 Ironstone Blog Posts for Financial Advisors in 2014

Categories: Blog, Branding & Value Proposition, Business Development, Client Appreciation, Client Segmentation, Hiring & Onboarding, Human Element, Leadership, Marketing Plan, Niche Marketing, Operational Effectiveness, Performance Evaluation, Team Development

Top 14 Ironstone Blog Posts for Financial Advisors in 2014

  For those of you who know us, Ironstone’s success is defined by your success. We consistently work to provide you with information and practice management strategies that are valuable and actionable in order for you to enhance and improve your business and personal life. We collected a list of the “Top 14” Ironstone blog […]

December 2, 2014

The MBTI® Personality Assessment – A Horse of a Different Color – 5 Things that Make the MBTI® Unique and Why it Matters

Categories: Blog, Hiring & Onboarding, Human Element, Team Development

5 Things that Make the MBTI® Unique and Why it Matters

  This post was re-printed with the permission of our guest, Cynthia Stengel Paris. When it comes to personality instruments, the MBTI® is a “horse of a different color”.  Its unique place among assessments arises from its theoretical underpinnings – C.G. Jung’s psychological types.  Jung’s theory, thus Myers’ instrument, gets to the heart of who […]

August 28, 2014

No Career Path – A Recipe for Costly Turnover

Categories: Blog, Hiring & Onboarding, Human Element, Job Descriptions, Team Development

No Career Path – A Recipe for Costly Turnover

  Attracting and retaining team members is one of the biggest struggles many of our clients face. With proper leadership, foresight, and planning, firms can avoid the costly expense of losing employees. While visiting with a friend the other day, she told me, “I feel I’m at a dead end in my career. There are […]

July 15, 2014

Struggling to Find Good Talent? How Veterans Can Add Value to Your Financial Firm

Categories: Blog, Hiring & Onboarding, Human Element

Struggling to Find Good Talent?  How Veterans Can Add Value to Your Financial Firm

  While struggling to find and retain good talent a client recently asked me, “How can I attract veterans to apply for positions at my firm?” I thought what a great question! And wondered how many financial advisory firms have a military-friendly process in place to captivate the attention of our military veterans. Veterans have […]

July 8, 2014

How Gen Y Can Shape Up Your Advisory Firm – Hiring & Managing a Multigenerational Workforce

Categories: Blog, Hiring & Onboarding, Human Element

How Gen Y Can Shape Up Your Advisory Firm – Hiring & Managing a Multigenerational Workforce

Remember the kids who took selfies all the time and thought it was cool to pucker their lips in every picture they took?  Guess what? Many of them are ready to enter the real world and their resumes will be landing on your desk. It really isn’t as scary as it sounds, most have matured […]

April 30, 2014

5 Tips to Attract, Hire, and Retain Millennial Advisors

Categories: Blog, Hiring & Onboarding, Human Element

5 Tips to Attract, Hire, and Retain Millennial Advisors

Talent shortages, succession woes, and anxiety face the financial industry daily.

A study by Pershing, ReGENeration: How Gen Y Could Revitalize the Industry – and Bring New Life to Your Firm, tells us more than 237,000 new advisors across all business models are needed in the next decade to meet market demands.

The talent shortage for young financial planners is forcing panicked advisors into bidding wars to position seasoned professionals at the throne upon retirement. Cerulli Associates reported in their research that the average advisor is 52 years old, and just 5% of advisors are younger than 30. Each year, the industry will see 10,000 to 15,000 advisors retire. Fidelity’s 2013 RIA study found that 67% of firms polled do not have a succession plan in place.

Advisory firms must create plans and processes in order to attract the millennial workforce and the talent they bring with them.

April 9, 2013

New Trends In Winning The War On Talent Management

Categories: Blog, Hiring & Onboarding, Human Element

New Trends In Winning The War On Talent Management

Thriving in talent management is crucial to sustain a strong foundation for your firm. HR professionals and firm management must stay on top of new trends to prevent disengaged employees and costly turnover. Consider some of the latest trends in winning the war on talent management. “Only 41% of firms are confident their human capital strategy […]

August 24, 2012

Bring Home The Gold! Employ A Champion Team

Categories: Blog, Hiring & Onboarding, Human Element

Bring Home The Gold!  Employ A Champion Team

Fans are raving over the five teenagers who were the first Americans to earn a gymnastics gold in 16 years.  Being referred to as the “Fab Five” or the “Fierce Five,” the team is being compared to the legendary team from 1996, the “Magnificent Seven.” How does your team stack up in comparison to the “Fierce […]

April 14, 2012

Your Team Is A Reflection Of Your Leadership Skills – Learn How To Hire The Best!

Categories: Blog, Hiring & Onboarding, Human Element

Hiring exceptional talent is a significant component to the overall success of your firm.  Hiring the best people for your firm should always be your goal even when the economic culture is not ideal. As a leader of your firm, your team of employees is a direct reflection of your leadership skills.  The quality of […]

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Andrea Schlapia
Organizational Development and Human Capital
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Elder and Special Needs Law
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Latest Blog Article

Business Dining Tips: How to Wine and Dine Your Way to the Deal 

Advisors and business professionals at all levels have long-held the notion that wooing prospective new hires and closing a deal over lunch is extremely effective. However, I am thrilled to tell you there is now evidence to support this belief, according to Lakshmi Balachandra, a Harvard fellow. Inside the Dining Research Ms. Balachandra’s work subjected […]

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