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Pershing out with recruitment consulting services

Thomas Coyle

20 August 2007

Custodian expands business-management program to include hiring, retention. Clearing firm Pershing has extended its "Ideas Without Limits" practice-management program to the broker-dealer realm with the introduction this month of "Talent Connect," a supplementary program designed to help independent brokers attract and retain productive advisors.

Demand for top advisors outpaces supply, according to a report on independent-advisor recruitment written for Pershing by Seattle-based business consultancy Moss Adams. Winning the star advisors they need to stay competitive means that broker-dealers will have to make human-capital management a top strategic objective.

"The only factor limiting the growth of the expand our recruitment program."

Jersey City, N.J.-based Pershing is a subsidiary of the Bank of New York Mellon. -FWR

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