Financial Planning Magazine recently highlighted Affiliated Advisors and its new Synthesis Advisor Program, designed to address critical talent challenges in wealth management.
"How a Multi-Stage Training Program Could Bridge the Advisor Talent Gap" spotlights how the firm, which manages $5 billion in client assets as an independent branch of Osaic, tackles industry-wide concerns about advisor recruitment and retention.
"To me, it was just such a shocking number that I felt very compelled for us to take a bigger move in this direction as a firm," Managing Director Trisha Qualy said, referencing Cerulli Associates' finding that over 70% of first-year advisors exit the industry within five years.
The article details the program's three-tiered approach:
EntryPoint for newcomers
LaunchPad for mid-career transitions
GrowthCatalyst for experienced advisors
The publication also featured commentary from Jodie Papike, CEO of Cross-Search, who praised such initiatives while noting that "Affiliated Advisors has been around for a very long time, so they're very knowledgeable, and they're successful."
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