Interviewing in the Recruiting Game is like Dating

Know and follow the unwritten (until now!) protocol
NOV 30, 2009
If you're the big producer and have been out there interviewing (as I've said before, I strongly feel it was irresponsible not to have a Plan B over the last eighteen months), you probably are getting more attention than you are used to getting. Branch Managers from competitors are wooing you with dinners, lunches, chachkas for your spouse and kids, and reams of propaganda about the products and services from their firms. In other words, whether you are male or female, in the recruiting game, you're the pretty girl that is being chased, and you might not be comfortable being so “wanted”. As a good producer, you are more familiar with the role of “hunter” and much less with the role of “prey”. So, with the tables turned, what is proper protocol for communication, for keeping the process going, for saying no, for giving your suitor some awkward information about your compliance record? If you are in the middle of dialogue, make sure your suitors call you or e-mail you the way that YOU want. If that means all communication should be on your cell phone and to your home e-mail, then tell them that specifically. Your current boyfriend/girlfriend (i.e. your Branch Manager) might be prone to fits of jealousy if he/she knows you are considering a relationship with someone else. If you want to stop the process, for any reason, tell your ardent suitors, and tell them why. Too often Advisors just go dark; treat your potential employer the way that you would want to be treated when you as the Hunter are told no by a prospect. If the process is just put on hold, then tell them why and under what circumstances you will re-engage. Finally, make sure to deal with any compliance problems or warts on your record BEFORE they run a compliance check or criminal check on your record. You would not want to hear about your date's herpes problem on a first date and certainly not right at the moment of intimacy. If you act as if you have something you are ashamed of, your suitor will run away; make your issues transparent. You want the problem to be the issue. Hiding the problem makes your honesty a separate issue which cannot be overcome.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave