White Papers

Nucleus Sets Out White Paper On How Advisors Can Fix Recruitment Headaches

Tom Burroughes Group Editor London 17 September 2013

Nucleus Sets Out White Paper On How Advisors Can Fix Recruitment Headaches

Nucleus, the UK online-based platform business, has issued a white paper examining recruitment headaches for financial advisor firms, following a survey showing that hiring people is a tall obstacle to growth.

The report, Recruitment For Financial Planning Practices, sets out steps for advisors to follow and aims to make the recruitment process as pain-free as possible.

Nucleus issued the report following a recent survey of its members showing that 73 per cent of advisors surveyed reported they found the recruitment process difficult and a further 66 per cent said they used a recruitment agency to help them fill positions.

The white paper sets out a structured recruitment process for advisors to consider specifically around role selection and cultural fit; it highlights solutions to practical issues with recruitment such as promoting internally or recruiting externally; satisfying long term vs. short term needs; considering notice periods; time; budget, and salary benchmarking and package.

As at 1 July, assets under administration on the Nucleus platform stood at £5.5 billion and the number of member firms was 170.


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