Fidelity Expands Tools for Adviser Recruitment and Retention

Sixty percent of registered investment advisors are actively looking to acquire new advisers, according to a Fidelity survey, and now they can have help doing so with the Boston-based fund company's newly expanded advisor recruiting and retention resources.

On Thursday, Fidelity announced a new relationship with Manpower Business Solutions, which will help RIAs by offering access to talent management consulting and best practices, employee retention and engagement, organizational effectiveness and compensation.

“For advisors in growth mode, getting more from less just simply isn’t an option any more -- they also need to attract new, high-performing talent,” said David E. Canter, executive vice president and head of Practice Management and Consulting at Fidelity Institutional Wealth Services, in a statement. “Whether advisors are hiring staff with existing books of business or tapping into a pool of career changers, finding the right candidates can be a difficult and time consuming process. Our offering provided through MBS and other third-party recruiters can help advisors more effectively manage the hiring and on-boarding process, while also helping maximize the productivity of existing staff.”

Ruthie Ackerman writes for American Banker.