Yeske Buie in the Media: Attracting Talent at Small Advisory Firms
Yeske Buie is dedicated to building a reliable and hardworking team that is capable of providing flawless, comprehensive service to our current Clients and the generations of Clients to come. We are proud of the team we have and we look forward to growing the team with more and more competent, ethical, and dedicated financial planners. However, as Liz Skinner recently shared in an InvestmentNews article, attracting new talent can be a struggle for advisory firms. Skinner’s article includes quotes from Lauren Stansell, CFP®, Financial Planner in our San Francisco office, who shares insights on Yeske Buie’s mentality and approach when it comes to hiring new talent.
Ten-year-old advisory firm Yeske Buie has integrated a long-term approach for hiring young advisers that’s based on a book on C-suite hiring by Geoff Smart and Randy Street, “Who: The A Method for Hiring” (Ballantine Books, 2008).TEXT“We have come to realize that recruiting for new talent is just an ongoing process, it’s always happening,” said Lauren Grove, a financial planner at the 14-employee firm.TEXTYeske Buie is in regular contact with financial planning programs and is active in both its local and the national Financial Planning Association.TEXTYeske Buie also has a formal and rigorous hiring process that includes personality testing and other exercises, such as having candidates take notes at client discovery meetings,write client emails and perform client meeting follow-ups.TEXTThe firm adheres closely to the process and rejects candidates if the testing suggests they won’t be a good fit. That can be hard when the team especially likes a candidate personally, but retaining the firm’s culture is paramount.TEXT“Someone can be the most brilliant mind in the room, but if they don’t get along with the team of 14, it’s going to cause a lot of issues,” Ms. Grove said.