Offering nearly 17 years of expertise in the financial services industry, Frank Larosa is a former Wall Street executive who is now the president and chief executive officer of Vantage Point Advisor Network and ELITE Recruiting & Consulting, two firms based in Moorestown, New Jersey. Honored as one of OnWallStreet Magazine’s Top Ten Branch Managers in the financial services industry (2011), Frank Larosa has applied that expertise to the field of executive recruitment.
ELITE Recruiting & Consulting is an executive search firm specific to the financial services industry in North America. ELITE offers clients access to a broad network of well-established investment firms, private equity and wealth management firms, and related financial services providers. When portfolio managers, equity fund managers, and other financial advisors are looking for new challenges and opportunities at different firms, ELITE ensures that the candidate and the client are fully informed and prepared for the process, from meet-and-greet to contract negotiations and secure employment. Job seekers at ELITE pay nothing; the firm seeking professionals with particular financial expertise covers the search and placement fees.
After 15 years in the financial services industry, Frank LaRosa is proficient not only at recognizing raw talent, but also at matching individual financial professionals with organizations at which they would flourish. Realizing that many professionals can best serve their clients independently, without the constraints of working for a single company, Mr. LaRosa founded Vantage Point Wealth Advisor Network to provide those professionals with a broad range of support services. Then, using the perspective of the hiring manager as his guide, Frank LaRosa founded ELITE Recruiting & Consulting in 2011. Through this firm, he sought to help high-quality financial professionals deal expertly with the challenges inherent in changing employers, from initial consultation, to helping them manage the transition while keeping the majority of their clients.
Financial professionals seeking jobs consult with ELITE, which then relies on contacts throughout the financial services industry to find the very best match for them, both in terms of products and service, as well as in terms of compensation. Acting as agent for job seekers, the firm helps them overcome one of the idiosyncrasies of the industry – the greater credibility assigned by hiring managers to candidates with representation. Because of its excellent contacts and contracts with firms across the country, ELITE is abreast of trends in the industry, as well as of developments within individual firms that could translate into more attractive hiring offers.
The process of changing employers can be a long and bewildering one, and too many candidates think their involvement in the process has ended once they leave the meeting with the potential new employer. ELITE coaches candidates not only in how to present themselves during the meeting, but also on critical post-meeting steps that can materially enhance their chances of success.
Frank Larosa has over 15 years of experience in the financial industry and currently serves as the president of ELITE Recruiting & Consulting, a company specializing in recruiting services in the financial field. Larosa has held leadership positions in some of the largest firms in the United States.
As the professional job market continues to improve, albeit slowly, the difficulty in finding candidates for higher-level positions may increase. This hardship also extends to individuals, who may not have the time or expertise to search for better opportunities. Recruiters, whether working for a company or the job seeker, have the time and ability to match employers and employees effectively, both in good economic times and bad.
Recruiters often focus on certain markets, meaning they may have specialized industry knowledge and contacts. This speeds up the process and allows them to vet opportunities and candidates better, based on desired criteria. The recruiter may also act as a buffer or intermediary, giving some space for employers and potential employees to better evaluate whether they are a good fit.