In the November issue of The Greenville Business Magazine, Nachman Norwood & Parrott’s Managing Director, Bob Nachman, was quoted in an article, “Crisis of Continuity,” about the shortage of young financial advisors in the industry. Nachman Norwood & Parrott Wealth Management Consultancy (NNP) is taking steps to make sure that when a financial advisor retires, the process is seamless for clients.
“I’m not sure we solved the puzzle, but we are working hard to recruit people we believe are qualified candidates. We have even developed our own intern program and college-recruitment program where we can develop talent here on our own.”
According to the Chicago Tribune, some 8,600 advisors are expected to leave the industry each year, and firms like NNP nurture a mentorship environment to help ensure long-term success for their clients and for their company.