FA Match, a Digital Advisor Recruiter, Partners With 6 Firms

Platform gives advisors way to discreetly search for a new job; the partners include Redtail and Orion.

FA Match, a digital career management platform for financial advisors, this week launched FA Match Alliance, a partnership with six firms.

The FA Match Alliance’s mission, the announcement said, is to bring together industry innovators to facilitate connectivity between firms looking for top advisor talent and advisors wanting to take control of their career paths.

“Throughout my 20-year recruiting career and now at FA Match, there’s one important motto I live by and encourage firms to as well: ‘purpose before ego,’” the firm’s co-founder and CEO, Ryan Shanks, said.

“Our purpose is to create an industrywide culture of advisors who love what they do, at firms who have the right teams by their sides — but we can’t do it alone. That’s why we created the FA Match Alliance, so we can all lift the industry up together.”

Here are the founding members of the new partnership, which will promote FA Match to advisory firms on their respective suites of services:

FA Match said the alliance is open to all service providers in the financial services industry that are aligned with its mission. Every firm that joins chooses how it wants to participate in promoting the platform to its network.

FA Match, which officially launched in January, enables advisors to discreetly search for job opportunities and build relationships with firms on the basis of mutual compatibility. It creates unique profiles for each advisor based on quantitative and qualitative criteria.

Firms that come on the platform can filter potential recruits by such things as revenue, assets under management, years of service and professional licensing. Advisor profiles are free and remain anonymous until both parties agree to connect with a “mutual match.”

Once they are connected, their first phone call is facilitated through the platform and transcription is sent to the firm for recordkeeping. FA Match does not charge firms to use the platform; they pay only for successful placements.

The announcement said Riskalyze and Redtail would host a webinar in partnership with FA Match on June 18, focused on the state of the advisor recruiting industry. Details were not yet available.

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