Key Steps for Developing Your Firm’s Next Generation of Leaders

Establishing an effective leadership development plan for early career advisors is an essential component of a long-term growth strategy.

By Dina Sonenshein, practice management consultant, Commonwealth Financial Network

In building a successful firm, you’ve shown you’re skilled at focusing on both short- and long-term aims. But just as hiring the right advisors is important for achieving near-term goals, establishing an effective leadership development plan for early career advisors is an essential component of a long-term growth strategy.

By making a clear path for today’s next-gen advisors to become leaders of tomorrow, you’re setting your firm up for a bright and sustainable future. When considering your firm’s leadership development plan, keep the following steps in mind to create a path to partnership for the next generation of advisors:

The future of your firm depends on its people. Commonwealth regularly consults with advisors to help them prepare their firms’ early-career employees for new phases of leadership. Whether you’re at the beginning of your firm’s journey or building on years of growth, by putting a comprehensive leadership development plan in place, you’ll help next-gen advisors grow their careers and pave the way for ongoing success. Click here to learn more!

This post originally appeared on The Independent Advisor, a blog authored by subject-matter experts at Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

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