Since founding the Somers Partnership, we have worked with and placed scores of talented Wealth Managers and other professionals, and our experience has led us to conclude that Wealth Managers fall into three broad categories: Rainmakers, Lawn Mowers and Well Poisoners. Rainmakers are the people every firm wants to attract and supply is very tight, …
Which type of Wealth Manager will you hire in 2020? Read More »
Backin the 1980s, junior doctors used to work 100-hour weeks in busy, crowded hospitals. They may find time to grab an hour or two’ssleep only to be woken up to their pager demanding their immediate attendance in A&E or in an operating theatre. Would you like to be operated on by someone whose brain is …
There are several common themes to the reasons why top performing individuals (Rainmakers) will take steps to leave their current employer, but one root cause; they leave poor managers and join dynamic organisations with vision. It is the highest performers in any organisation that have the right qualities, skills, determination and vision to be the leaders …
As Pliny the Elder said ‘The only certainty is that nothing is certain’. Just when you have adjusted to the new normal something else comes along to challenge and disrupt the status quo. Not only do we have to deal with the political turbulence but we also have to adapt to, improvise and overcome the waves of …
What happens when an organisation fails to recruit and retain a sufficient number of Hunters and talented professionals and finds itself staffed entirely by Farmers? Traditional wealth management models are under increasing pressure. Forward thinking leaders are already proactively recruiting professionals with new skills and capabilities and seeking to attract and develop the most productive Hunters …
Farmergeddon…The death of the complacent wealth manager? Read More »
Resigning isn’t something that most of us do very often. When our clients are placed in a new bank they often ask us about how to resign. Wealth management is a unique industry. Reputation is highly important, it is a small world and there are legal implications to consider. If you don’t resign correctly, then …
How to resign from your job in the wealth management sector Read More »
Price stability – good or bad? A debate is raging as to whether the drop in the consumer price index to less than one per cent with the prospect potentially of deflation is good or bad. The pessimists argue that without inflation at say its target of 2%, spending decisions will be deferred and the economy …
Newsletter – February 2012 In this edition, we feature articles written by Bruce Weatherill examining the ‘Value of Trust’ (downloadable report), also the Gold Council, where the MD of Investments describes the continuing allure of this precious metal, and Alastair Wood, our very own in-house HR expert offers seasonal advice about dealing with malingering staff …
The Sunday Telegraph Ian Lampitt of Pioneer Consulting, a recruitment consultancy specialising in supplying IT and enterprise technology staff to UK and international clients, says: “Companies could help themselves get better value from their recruiters but many of them don’t know how.” Many companies choose their recruitment consultant purely based on cost. “They reason that …
The WealthNet One of the perennial issues for the wealth management sector is the so-called “war for talent.” The amount of high quality advisers and investment managers is limited, yet they are the lifeblood of any firm. Research shows that all Wealth Management firms seek to differentiate themselves in the eyes of their clients through …
Wealth management underserved by headhunters, says wealth manager turned recruiter Read More »
SOMERS PARTNERSHIP
84 Brook Street London UK W1K 5EH
TEL: +44 (0) 203 137 3275
EMAIL: enquiries@somerspartnership.com
