PLANADVISER - September/October 2022 - 11

stay on, Kenney says. A more centralized
model will limit the pool of potential candidates
to the areas around the firm's offices.
A more decentralized model could provide
a larger pool of potential candidates but
make it harder to establish and maintain a
strong firm culture.
Shauna Mace, head of practice management
for SEI's adviser business, says many
firms are looking closely at compensation
to attract and retain talent.
Due to consolidations many advisers
are finding themselves at a new firm with
a different compensation model, she says.
" If you're coming from the wirehouse
channel, for example, you could see a
combination of salary plus some component
of incentive compensation. But if you
come from the RIA [registered investment
adviser] world, it could be salary plus a
talking points
Where Employers Spend on 'Wellness'
In today's worrisome economy, just 32% of large companies prioritize investing in
workers' financial well-being-i.e., to a " high " or " very high " extent-vs. in programs
to support five other types of wellness, says a new study.
Very High
Mental/Emotional health
Physical health
Career happiness
Social/Relational health
Community health
Financial health
19%
16%
7%
9%
11%
10%
High
30%
28%
25%
20%
23%
22%
Moderate
34%
34%
37%
39%
34%
30%
Low
13%
15%
26%
22%
26%
24%
Source: Institute of Corporate Productivity (i4cp), " Employers Are Ignoring Workers' Financial Worries "
Not at All
3%
5%
3%
8%
4%
12%
Don't Know
2%
2%
2%
2%
3%
3%
team-based bonus. "
A change in compensation terms can
cause friction, she says, noting that firms
should have better systems, enabling the
leaders to understand and respond to
compensation changes for incoming talent.
" This is critical if you want to avoid attrition
and/or to bring on new people who
may not be used to your compensation
model, " Mace says.
Sources also agree that adopting a
diversity, equity and inclusion strategy is a
critical means to attract talent that represents
the total potential client base.
" Firms get caught up in the metrics of
DEI, " Kenney says. " Once the numbers look
good, they think they're done. But firms
have to focus on inclusion or these diverse
candidates aren't likely to stay. "
-Bailey McCann
" Firms want
those
transitions to
be as seamless
as possible.
We're seeing
a lot of work
going into
making sure
the changes
aren't abrupt. "
planadviser.com September-October 2022 | 11

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PLANADVISER - September/October 2022

Table of Contents for the Digital Edition of PLANADVISER - September/October 2022

The Possibilities Ahead
The Full Potential
2022 PLANADVISER National Conference
NQDC Investment Menus
Reg BI’s Impact on 403(b)s
PEPs’ Slow Growth
Scaling for the Future
Rollover Rules for 457(b) Plans
Jorge Bernal
PLANADVISER - September/October 2022 - Cover1
PLANADVISER - September/October 2022 - Cover2
PLANADVISER - September/October 2022 - 1
PLANADVISER - September/October 2022 - 2
PLANADVISER - September/October 2022 - 3
PLANADVISER - September/October 2022 - 4
PLANADVISER - September/October 2022 - 5
PLANADVISER - September/October 2022 - 6
PLANADVISER - September/October 2022 - 7
PLANADVISER - September/October 2022 - 8
PLANADVISER - September/October 2022 - 9
PLANADVISER - September/October 2022 - 10
PLANADVISER - September/October 2022 - 11
PLANADVISER - September/October 2022 - 12
PLANADVISER - September/October 2022 - 13
PLANADVISER - September/October 2022 - 14
PLANADVISER - September/October 2022 - 15
PLANADVISER - September/October 2022 - The Possibilities Ahead
PLANADVISER - September/October 2022 - 17
PLANADVISER - September/October 2022 - 18
PLANADVISER - September/October 2022 - 19
PLANADVISER - September/October 2022 - 20
PLANADVISER - September/October 2022 - 21
PLANADVISER - September/October 2022 - The Full Potential
PLANADVISER - September/October 2022 - 23
PLANADVISER - September/October 2022 - 24
PLANADVISER - September/October 2022 - 25
PLANADVISER - September/October 2022 - 2022 PLANADVISER National Conference
PLANADVISER - September/October 2022 - 27
PLANADVISER - September/October 2022 - 28
PLANADVISER - September/October 2022 - 29
PLANADVISER - September/October 2022 - NQDC Investment Menus
PLANADVISER - September/October 2022 - 31
PLANADVISER - September/October 2022 - Reg BI’s Impact on 403(b)s
PLANADVISER - September/October 2022 - 33
PLANADVISER - September/October 2022 - PEPs’ Slow Growth
PLANADVISER - September/October 2022 - 35
PLANADVISER - September/October 2022 - Scaling for the Future
PLANADVISER - September/October 2022 - 37
PLANADVISER - September/October 2022 - 38
PLANADVISER - September/October 2022 - Rollover Rules for 457(b) Plans
PLANADVISER - September/October 2022 - Jorge Bernal
PLANADVISER - September/October 2022 - Cover3
PLANADVISER - September/October 2022 - Cover4
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