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Summary: Advisory firms that lack a documented career development path may jeopardize their chances to recruit the best young talent, according to some industry experts. “The larger firms are getting better at institutionalizing the process of training and development, and can tell a candidate, "Here is what we will teach you and here is the career track at the three-, five-, and 10-year mark,'” said Michael Kitces, a principal with New Planner Recruiting LLC, which specializes in placing early-career planners.
 Having a plan for how the structure will grow is the foundation for good people practices and progressing people towards ownership. Being able to articulate firm structure forms a starting point for determining where people need to be at present, and how they will progress in their careers.”Dan Inveen, a principal and director of research at FA Insight |
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