If you’re starting your own registered investment adviser (RIA) firm, you may have a number of employees who have grown used to working at home and would prefer to continue to do that. Being able to accommodate remote employees can help you attract the best people....
Break Away From The Pack
Employment Matters
What type of executive benefits might you offer?
Starting your own investment firm requires you to ensure you have a good team working with you. One of the ways you can do this is by offering an attractive executive compensation package. You must ensure that your firm can comfortably handle what you’re offering. ...
Do you need an employee handbook?
Despite massive advances in technology and changes to how we work, it still pays to give all your employees an employee handbook when they start. Whether you print it or keep it virtual is up to you, but ensure you get a signature to say they have read it. What can it...
What you should know before rescinding a job offer
As you prepare to open your new business, one of your key focuses will be hiring the right professionals. This may be something you don’t have much experience with. One situation that can be a source of concern is having to rescind a job offer. Sometimes a business...
How can you promote inclusiveness and diversity at your firm?
Diversity and inclusion are two concepts that individuals in organizations of all types and sizes across the nation are discussing and implementing from the highest levels on down. There are differing ways that firms are doing this. Most agree, however, on the...
Protecting your proprietary data is key when terminating an employee
If you’re just starting a financial advisory firm, the last thing on your mind is likely what to do if you have to terminate an employee. However, that day will come sooner or later, and you need to be prepared. In this industry, one of your most crucial...
Five tips for successfully managing your workforce
Running a business is not an easy task to manage, but it can be nearly impossible without the help of a reliable workforce. It is essential to be an effective leader for your workforce, as poor leadership can negatively affect your company. Everyone wants to be a good...
How to write an employee handbook for your new firm
You have made the decision to start your own firm – congratulations! It’s an exciting professional milestone for you and your new employees. There are a lot of key details to be taken care of, among them the creation of an employee handbook. This document is...
Managing employee conflicts in your brokerage firm
For any emerging wirehouse, financial advisement company or brokerage, your employees are among your best assets. They can, however, also become a huge liability if your employer-employee relationship sours. Understanding how to minimize the potential for serious...
Is your RIA complying with new leave requirements?
In response to the spread of COVID-19, state and federal governments implemented a series of laws, regulations, and executive orders requiring employers, including most RIAs, to provide sick and family leave to certain employees. RIAs and other independent financial...