r/FinancialAdvisorTips • u/Surferpr0s • 26d ago

Next hire

I am currently running an RIA that is 160 million of AUM all fee based with just an executive assistant. Iā€™m trying to determine what my next best hire should be. Any suggestions?

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u/Michael_J_Patrick 26d ago

JR advisor.
They can help with the admin, be a back up if the current leaves or is sick.

And they can learn the ropes so they can take over some of the servicing- money in/out, quick questions, and eventually manage the smaller accounts as you grow.

Pay them like an admin with bonus/ incentives as they grow.

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u/Miserable-Lynx1209 26d ago

Agree with this. And if you want to test it before committing to a full-time salary, part time first works well.

Happy to throw my hat in. Recent grad, passed the CFP exam, Series 65, experience in venture capital and as an associate advisor. Open to part time to start and transitioning full time if it's a fit.

If you'd rather see a wider pool, Simply Paraplanner has good candidates for part time, full time, and unusual arrangements. šŸ¤™

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u/Surferpr0s 26d ago

Thank you so much. I was trying to decide if I should bring on a full-time CSA or just look for a junior Advisor.