Cangrade announced on Tuesday a partnership with Advisors Ahead to launch Cangrade Insights, a new entity for the firm that will offer an employee placement product, Cangrade NextGen Insights, specifically for Advisors Ahead. The new product will help employers evaluate potential candidates’ potential.  

Advisors Ahead provides internships and residence programs for financial planning students looking for positions at financial firms. Cangrade provides pre-employment evaluation software. Cangrade Insights will be its first foray into financial services.

“Our collaboration with Advisors Ahead will allow the proven leader in financial advisor preparation to engage the highest-quality candidates for their programs,” Gershon Goren, founder and CEO of Cangrade, said in a statement. “We are thrilled to launch Cangrade Insights and work with a firm that has a reputation for developing and mentoring the next generation of financial advisors. Our entry into the financial services market with a specifically catered product will generate a significant opportunity for expansion, growth and future partnerships of a similar nature.”

Cangrade’s placement software uses predictive analytics to measure candidates’ skills and personality traits to see if they’re a good fit for a job. CNI will grade applicants based on their responses to a series of surveys to try to gain insight into how they may perform in a firm.

“Cangrade’s unique pre-employment evaluation software will allow us to expand our market services and increase the identification of top talent from the millennials who are looking for a better start in a highly competitive field,” Craig Pfeiffer, founder and CEO of Advisors Ahead, said in a statement. “We are excited that this collaboration will help us identify candidates based on solid screening analytics and provide our clients better services.”

— Check out 5 Big Hiring Mistakes We Made and How to Avoid Them on ThinkAdvisor.