Difficulty in Recruiting and Retaining People - Business Management for Financial Advisers

Advisors need to know how to manage and develop staff. Some of them love the task but doesn’t have enough patience to do it well. Given time the advisors should spend it with staff rather than clients. Though advisors are empathetic, nurturing, encouraging, and fair in their judgment of clients, many of them struggle with these same qualities when dealing with their own staff, thinking of staff of asset which would not generate return. When the perception changes the advisors will begin to treat staff as the top clients which has potential to create substantial income.

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