A large number of financial advisors feel stuck in their job, presenting a major challenge to many managers who face a looming advisor shortage and a limited pool of prospects, according to Rainmaker Thinking.
The workplace consultancy recently surveyed 41,000 professionals (6,000 of them from the financial services industry) and found that 46 percent felt "stuck" in their current job, and had for at least the past year. Twenty-five percent said they have felt that way for more than three years.
CEO Bruce Tulgan said that financial advisors involved in the survey were most likely to see their earnings negatively affected during the Great Recession, which contributed to higher levels of dissatisfaction and a "questioning of the career path."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
