The Importance of Teamwork in the Workplace

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There has been a lot of news about the many college graduates without jobs, or the fact that it takes more education to land a job these days. Though education alone is sometimes not enough, financial advisor recruiters are looking for a particular, intangible skill set to offer employers that goes beyond this. 

The good news? It costs nothing and requires only patience and openness to learn. This skill that can make the difference between pounding the pavement and cashing a paycheck is teamwork.

Why Teamwork?

If you ask a financial advisor recruiting firm what kind of employee that they are asked for, one of the most common answers you will get is a team player. Team players see their job as a part of a working whole, and don't merely consider their own tasks, but those of the office. 

A team player knows how to help their office mates succeed, rather than try and use their failures as a stepping stone. As a result, they become known as the person who makes everyone, including themselves, look good, instead of merely looking like the best of the mediocre.

Companies who Succeed

Another benefit, particularly in an industry that is all about personal service, is that when a company succeeds, it is clearly due to their employees. This means one of two things. It is either highly rewarded by an appreciative employer, or an incomparable marketing tool for a job transfer.

Comfortable Work Places

Areas with high levels of teamwork are, in general, happier places to be. This means higher employee retention, productivity, and fewer stress-related sick and personal days. Happy employees also create a much stronger customer interaction. Who doesn't want to see someone who is happy to see and talk to you? This translates into happier customers, and more referrals and retention.

How to Become a Team Player

If teamwork doesn't come naturally to you, it is something that can be learned. Start with simple things, like offering to help co-workers with things that are easier for you than for them. Offer to teach them your tricks, but don't be pushy if they use their own techniques, or hurt if they don't want your suggestions. Teamwork is also about respecting different ways of doing things that are not your own.

Celebrate Successes

Teams celebrate when they do well-- not just as a whole, but individuals. Most successful individuals are a part of a team, and though only one might be officially recognized, there is no question to anyone who knows the business the importance of a good team. Whether a president or a movie producer, those who are best known for success are always quick to hold on to the best team players who not only succeed for themselves, but work hard to let others shine.

Learning off the Job

There are a hundred places to learn teamwork, if it is something you don't know how to do well. These can often be discussed during job interviews, as examples of how you have learned to be a team player. 

Those who enjoy athletics can join recreational sports teams. Charity-minded individuals can work on habitat for humanity projects, plan charity events, or volunteer at a shelter. Those who prefer smaller groups can offer to run errands for senior citizens or babysit for neighbors. These things not only can translate into positive job skills, they create a spirit of team comeraderie and self worth that cannot be found without giving of yourself.           

Rhino Search Group is a financial services recruiting firm known for its valuable client relationships with the most trusted financial brands. Contact our financial advisor recruiters if you are looking to make a move, or buy/sell a book of business. Visit the site: http://www.rhinosearchgroup.com/

The Benefits of Buying a Financial Advisory Book of Business

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Despite the recent turmoil in the financial markets, becoming a financial advisor remains one of the most potentially lucrative and rewarding career choice an ambitious and motivated young professional can make.

As a financial advisor, your income possibility is unlimited, you have the ability to be in business for yourself, and you get the reward of knowing that you're helping your clients build their own financial security as you build yours.

Becoming a financial advisor isn't exactly easy, however the rewards that draw people into the profession usually aren't enjoyed right away. It can be a hard road, starting with passing your securities exams (such as the Series 7 and 66) which have only been made more difficult in response to the financial crisis of 2008.

Then there is the huge challenge of obtaining clients. Obviously, without clients, you won't make money. But convincing people to invest their trust -- and their savings -- in you as a green advisor is not always an easy task. Most investors, in particular high net worth individuals, prefer to go with someone with a long track record or who came recommended by a friend or business associate.

One method used with great success by financial advisors to surmount the challenge of building a customer base is buying a book of business from an existing advisor who is retiring or leaving the profession.

There are numerous advantages to doing this:

Immediate Income. When you have clients on the books, you immediately start generating income for your practice from those clients in the form of fees and commissions. Yes, there is a large financial outlay on your part to buy a book of business, and this must be done before any income is realized. However, there are numerous business financing options that can keep you cash flowing positive even after buying a book of business. If you play it smart, your income from your book of business will outpace the monthly expense of obtaining it.

Referral Base. The clients in your new book of business aren't only a great income source, they are a great source for spreading the word about your services to their own personal and professional networks. If you take care of them and make a great first impression, your name is likely to come up in a positive light when they have financial conversations with their friends and associates.

Reputation and Relationships. Chances are, the advisor whose book of business you're buying has a strong reputation in the industry. That's how he was able to build his client base. Aligning yourself with someone like that can do wonders for your own nascent reputation, and anytime you can build a relationship with an experienced and successful advisor, it is good for furthering your career.

If you are considering buying a financial advisory book of business, consider speaking to financial advisor recruiters in Scottsdale. Recruiters aren't only good for helping you find jobs, they can help you network with others in the business. Sitting down at a financial advisor recruiting firm Scottsdale and going over your desires, long-term goals, and budget will allow you to seek out the best prospects for buying a financial advisory book of business.

Rhino Search Group is a financial services recruiting firm known for its valuable client relationships with the most trusted financial brands. Contact our financial advisor recruiters if you are looking to make a move, or buy/sell a book of business. Visit the site: http://www.rhinosearchgroup.com/

What Are Your Options as an RIA?

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Registered Investment Advisors (RIAs) are among some of the top professionals in the finance field. What separates them from the rest of those in the industry is that they have to register with the SEC because they manage more than $25 million in assets.

Those managing smaller investments only have to register with the state securities authority. An RIA's investments will be scrutinized by a higher office and will have to adhere to more regulations, meaning that investors are better protected.

For those seeking to become RIAs there are many options. This is why contacting a financial advisor recruiting firm is a good way to find the right opportunity.

Moving Up or Over to Bigger Firms

When you have a client list you have power. That power is over your own destiny, and it is an amazing thing.

For RIAs who find themselves in situations that are untenable, they do not have to sit back and deal with the hassles that are causing them so much stress. This is because the relationships they have developed with their clients ensure the clients will want to stay with them even if they make a move.

For example, one of the most well-known investment advisors is Alex Ehrlich. Mr. Ehrlich is a great investor and also very generous with his time toward good causes (he is on the board of Portfolios With Purpose), and if he was to make a move to JP Morgan, Barclay's, or even a boutique firm, his clients would follow because they know that it's not the company he works for that makes them so much money, it's him.

Move to Leadership Roles Elsewhere

This understanding of business cycles, handling funds, and turning money into more money is the very reason that many investment professionals get recruited to companies in large and small cities around the world. A business leader from the investment world has a hand in most - if not all - areas of business through the allocation of raised capital. Most lucrative, important leadership roles in the industry are brokered through financial advisor recruiting firms to find the very best of the best.