closeup of man with hand on chin collaged with investment chart (Photo: Shutterstock)

Advisors should be prepared for employee retention risks and a more challenging hiring market, says DeVoe & Co.’s 2021 RIA Talent Management Study, released Tuesday. The study paints a bleak picture of the pandemic’s effect on the wealth management industry, and on its people in particular.

DeVoe conducted a survey between February and May among 123 representatives of RIA firms. Respondents were senior executives, principals or owners of firms with $100 million or more in assets under management.

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