You’re not the only one dealing with turnover. The pandemic spawned the Great Resignation, and rising inflation means there’s probably a better salary (or signing bonus) out there for anyone that’s looking. The ensuing talent war has created more industry turnover than the end of broker protocol in 2017, and RIA principals are having to invest more time and resources into recruitment and retention than ever before.
“Chaos isn’t a pit. Chaos is a ladder.” This phrase comes to mind as we discuss ways for smaller RIAs to capitalize on this chaos in this week’s post.