CheckMate

The title of this article in the new Financial Advisor pretty much says it all:
“Brokers And Advisors More Likely To Switch Firms in ‘08″

I’m certainly well aware of how much movement there is between firms by experienced financial advisors, but I was a little surprised that, according to that survey, the number of people willing to move has almost doubled from 5% to 9%.

Then again, it’s actually not really surprising, given the current turmoil in the financial services industry and some of the major offers being waved in advisors’ faces right now, something I discussed in the last post.

There’s some other good information in that article, including key job satisfaction factors - note that compensation was not number one on the list.

So, as I’ve said, there’s lots of opportunities, but also lots of angles in the deals, too. Most of those are good angles, but they still really require a close look and probably a fair amount of negotiation as well. And, in the end, many times it still comes down to fit - do you like them and do they like you, and can both of you effectively communicate that to each other.

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