As the majority of advisers continue to age towards retirement, recruiting young talent is increasingly important for firms. But for many firms, attracting millennial talent to has been a vexing problem.
The problem is many firms come across as outdated and old-fashioned to many next-generation advisers, and not fitting with their values. To help firms, InvestmentNews reached out to several millennial advisers and asked what wealth management firms can do to make their workplaces more desirable for young people to work, beyond offering free snacks, a ping pong table or the latest digital technology.
Here are 10 tips they shared for firms to be a more millennial-friendly place to work.