There are specific things financial firms look at before hiring advisors. Frank Larosa uses his years of experience to negotiate the best deals between firms and business professionals. On Wall Street featured him as a Top Ten Manager, and he currently works for ELITE Recruiting & Consulting.
1. Work history and production top the list of things financial firms look for. They want to make sure their advisors are capable of pulling in business and that they don’t jump from job to job.
2. The Central Registration Depository (CRD) maintains employment and licensing histories for active advisors. Companies check with the CRD to make sure individuals are not lying about their work history, and they will also find out about past issues and complaints. Background checks are also commonly utilized.
3. Financial firms look at an advisor’s focus. They want to know how an individual works, how they market themselves, and how they work to grow their clientele.