FA Insight is pleased to announce the release of its fifth annual study of advisory firms, People and Pay. Five years of FA Insight’s industry analyses reaffirms the importance of human capital management to advisory firms. Sound people practices can accelerate growth as well as provide insulation against periods of adversity.
Given the influential role of people in the resource mix of an advisory firm, this year’s study provides advanced guidance for firms in organizing, developing, and motivating their people. The aim is to minimize the negative impacts of growth on firms and their people while optimizing the many positive impacts of growth. This year, special attention is given to the critical role of organizational design, particularly how the industry’s most successful firms adapt their organizational structure to foster growth.
The 2013 study highlights a variety of lessons for firms in achieving key people-related objectives. In addition to offering consultative prescriptions for success, People and Pay supports advisory firm owners with a host of critical data for benchmarking performance against peers. This includes detailed compensation data for 31 positions common to advisory firms as well as a wide variety of financial and operating performance benchmarks.
All firms that participated in the study gained exclusive access to The FA Insight Study Benchmarking Tool. Additionally, study participants will receive a free copy of the report with accompanying data and will have access to a Webcast to review study findings. Others may purchase the study report for $250.
For excerpts and a more detailed overview of the study, click here.
The People and Pay Webinar
On Oct. 15, FA Insight hosted a Webinar to explore People and Pay's key findings and pinpoint the importance of human capital management to advisory firms. To listen to Dan Inveen, Director of Research, and Sarah Pelonio, Research Manager, lead attendees through the survey results, click here.
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