The attrition rate in the wealth management sector has been at a steady 4% in 2022 according to Andy Sieg, president of Merill Lynch Wealth Management.

According to Deloitte, the percentage of women in leadership roles in the financial sector has modestly risen from 22% to 24%. This number is projected to grow to 28% by 2030.

As a commercial bank or wealth management division, it’s essential to have private client advisors on staff who are at the top of their game.

Finding the right candidate for the job is often a challenge in any industry, but it can be especially difficult when recruiting private client advisors.

As expert recruiters in the field of private client advisors, we have seen first-hand the importance of a strong team of private client advisors for commercial banks and wealth management divisions.

As the world of private banking moves towards the future, leaders need to keep up. Instilling the right qualities in their Private Client Advisors is essential for any business to thrive.

As the banking industry continues to evolve through the use of digital technology and big data/analytics, banks must be prepared to take advantage of the growth opportunities that this presents.

An experienced commercial bank relationship manager is essential for any commercial bank looking to maximize client retention, increase lead generation, and ensure overall customer satisfaction. RMs can provide customized solutions for clients, help with risk monitoring, and get more people in the door.

At its core, successful UHNW prospecting relies on three pillars: research, relationships and resources. Let’s delve into each one in more detail.

With the recession looming over, and the stock market bloodier than ever, employees around the world are wondering if this is the right time to switch companies.

With a wide variety of needs and expectations, private wealth advisors need to be prepared to adapt their strategies to meet the needs of each client. Here are five best practices that will help you build successful relationships with your high-net-worth clients.

According to a 2018 Financial Planning Association and Janus Henderson Investors study, 73% of private client advisors do not have a formal succession plan in place.