FA Hiring Amid Pandemic: More of a Pause than a Standstill
April 2, 2020 By Mrinalini Krishna, Financial Advisor IQ The coronavirus pandemic and market volatility are taking their toll on FA recruitment. Despite firms such as Raymond James deferring “numerous advisor transitions, recruiters don’t expect a complete standstill, though. Instead, firms are adjusting the way they hire, and some advisors may already be on their way to making a switch. “I think that those who had already begun the interviewing process before the world turn[ed], and are determined to leave for whatever reason, I think are still looking for ways to do it,” says Danny Sarch, president of New York-based-based recruitment firm Leitner Sarch. Sarch is seeing more of a pause than a halt in recruiting activities. “It’s certainly slowed because if you had 1,000 people in the country that were interviewing, a certain very...