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In the News

Last Call: Recruiters Prep for Finra-Induced Holiday Hiring Lull

Posted by Louis Diamond

Advisor Hub

November 17, 2022
Louis Diamond Quoted
by Miriam Rozen

Executives from regional firms to wirehouses have remarked on the frenzied pace of hiring this year, but all that firm hopping is about to cool off—at least for two weeks.

Thanks to the Financial Industry Regulatory Authority’s annual pause in registration around the December holidays, brokers who want to shift firms must make their move prior to December 22.

That’s when the brokerage industry regulator halts its registration systems to generate year-end renewal statements, a spokesperson explained. New registration requests for license requests and terminations will stop at 11 p.m. ET on the 22nd and resume January 3 in the new year, the spokesperson said.

For some brokers, shifting firms during the holidays is an unattractive burden, so they wouldn’t try even if Finra and a firm were open for business, according to Louis Diamond, a recruiter in New Jersey.

“Many advisors push transitions out past the holidays for their own personal reasons but that’s not driven by the firms,” Diamond said.

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President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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