Creating customized career tracks
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Creating Customized Career Tracks. Dave Grant, CFP® Founder, Fee Only Consulting. Who am I?. Certified Financial Planner TM certificant Over six years of experience in the Fee-Only profession Run RIA “Finance for Teachers” and consulting firm “Fee Only Consulting”

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Creating Customized Career Tracks

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Creating Customized Career Tracks

Dave Grant, CFP®

Founder, Fee Only Consulting


Who am I?

Certified Financial Planner TM certificant

Over six years of experience in the

Fee-Only profession

Run RIA “Finance for Teachers” and consulting firm “Fee Only Consulting”

Financial Planning magazine : Columnist and blogger

Founded NAPFA Genesis: a group of 150 NAFPA members under 33


The usual process


Job 1 – Wait 3 years to advance


Job 2 – Same track as everyone else


What is the problem?

Advisors have diverse educational backgrounds

“How can I train a compliance officer?”

Succession plans are limited without

knowledge of staff

Do you know the top talents

of each of your team members?


What is happening now? (1)

Development plans don’t exist

“Accidental development”

Skills development in areas of non-interest


What is happening now? (2)

Isolated development, no team-element

Company-focused development

Another scenario: “Reactive” Development

Leads to:

- Frustration

- Ill-equipped and under-trained staff

- Skills at odds with firm needs


What is the solution?

Defined company vision

Custom tracks for all staff (3-5 years)

Tracks should incorporate company and individual goals

Through discovery, tracks

should be designed to

compliment current skills

and strengths


What difference will a career track make?

Supported strategic plans

Increased morale

Increased staff retention

Detailed and specific succession plans

Manager: What if I put a lot of time, effort and money into developing my team and they leave?

Coach: What happens if you don’t and they stay?


How do I make a career track?

Understand your team member

Understand your strategic plan

Outline which skills need

developing

Provide resources for assistance

Split the track into various sub-sections: Basic work habits; Relationships with colleagues; Relationships with clients; Business development; Technical knowledge, etc.


I don’t want to make my own, what now?

  • Fee Only Consulting provides three options:

  • - Pre-made plan

  • - Basic plan

  • - Retainer relationship

30% off

www.feeonlyconsulting.com


Keep in touch

Website: www.feeonlyconsulting.com

Email: [email protected]

Phone: 224-357-8625

Writing (Print): Financial Planning magazine (column every other month)

Writing (Online): Financial Planning magazine (various posts per month)


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