Products November 10, 2015

Schwab Unveils RIA Recruiting Resource

A new publication from Schwab Advisor Services seeks to deliver actionable insights about recruiting and talent retention within RIA firms.

Reported by

John Manganaro

The newly released RIA Talent Advantage Recruitment Playbook from Schwab Advisor Services offers registered investment adviser (RIA) firms strategies, tips and examples to manage the challenging process of identifying and hiring new advisers and staff.

Schwab says the publication is the latest release within the RIA Talent Advantage program, focused on helping RIAs attract and retain the talent they’ll need to navigate industry changes on the horizon and build thriving firms. According to Schwab, the playbook can help advisers through the four key phases of the recruitment process: getting started, sourcing and screening, interviewing and selecting, and onboarding and retention.

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“Industry and investor trends already taking place point to a future where RIAs must evolve to keep up with emerging client needs and forces of change,” suggests Neesha Hathi, senior vice president and head of technology solutions for Schwab Advisor Services, and co-lead of Schwab’s RIA Talent Advantage program. “For today’s RIA firms, implementing a talent strategy designed to address these changes will be crucial to staying competitive.”

Schwab says the playbook is the latest addition to a growing set of actionable resources that comprise Schwab Advisor Services’ RIA Talent Advantage program. With an initial focus on bringing more women into the RIA profession, the program debuted in 2014 and has since expanded to include cultivating more ethnic and generational diversity.

“We know that developing a strategic approach to talent is top of mind for advisers and we developed our RIA Talent Advantage Program to provide actionable guidance to help RIA firms capture opportunities and thrive into the future,” adds Mary Rosai, senior vice president and head of marketing for Advisor Services, and co-lead of RIA Talent Advantage. “As the investor profile shifts, more firms seek to hire, develop and retain the right talent to serve the needs of evolving clients.”

More information on the playbook and the wider RIA Talent Advantage program is here.