Reducing attrition to drive growth
Succession planning for bank advisers begins with the notion of retention. Keeping advisers working at a bank for as long as possible will be better for the bottom line than watching them leave and then replacing them. That's one of the conclusions of a recent research report from Kehrer Bielan Research & Consulting.
Kehrer's report, which was sponsored by LPL, concluded that profit sharing was more successful than non-compete agreements, deferred compensation or equirty grants, as possible methods to stem adviser attrition.
Click through to see a handful of statistics from the research report.