Advisor staffs up with millennials
August 13, 2014 by Lynette Gil
By 2020, millennials will make up 50 percent of the workforce, according to an article in The Wall Street Journal, which talks about how this means that millennials will be looking to invest and plan their financial lives and how advisors should take advantage of the opportunity to tackle this market now.
Between trying to bridge the generational gap and this younger workforce, seasoned advisors also face trouble in training and making sure that older clients take this younger generation seriously. The article takes into account the case of Jim Meehan, managing partner of 1847Financial life insurance firm, who has been successful at hiring, training and retaining a millennial workforce.
“Many advisors don’t have a succession plan. What do they think is going to happen to all of their clients and their business?” Meehan asked.
Between trying to bridge the generational gap and this younger workforce, seasoned advisors also face trouble in training and making sure that older clients take this younger generation seriously. The article takes into account the case of Jim Meehan, managing partner of 1847Financial life insurance firm, who has been successful at hiring, training and retaining a millennial workforce.
“Many advisors don’t have a succession plan. What do they think is going to happen to all of their clients and their business?” Meehan asked.
View Original Article here: This firm’s life-insurance production went up threefold–a success factor credited partly to the 40 millennial-aged financial advisors hired.
Originally Posted at LifeHealthPro on August 12, 2014 by Lynette Gil.
Categories: Industry Articles
