The RIA industry built its reputation on long-term planning and steady stewardship. Yet when it comes to investing in their most important asset – their people – many firms are falling short.
The latest DeVoe Talent & Growth Report reveals a troubling decline: only 38% of advisors say their firms offer clearly articulated career paths, down from 53% just three years ago.
This erosion comes at the exact moment when next-generation professionals are making their needs clear. Sixty-eight percent identified a well-defined career path as their number one priority, far above compensation, perks, or flexibility. At a time when firms are competing fiercely for talent, the gap between what employees want and what firms deliver has never been wider.
