Why use a Wealth Management Recruitment Company for Roles in Financial Services?

You may wonder why people choose to work with recruitment consultancies, why they invest all that money to do something, that from the outside looks like they can easily do themselves.  After all, all you do is place an advert, read a few CVs, carry out some interviews and pick the best candidate.  Easy, right?

Wrong!  Not if you want to attract high-calibre candidates, and more importantly the right candidate, one that is a perfect fit for your company and who will stay and thrive for the long-term. These are often candidates who are not actively looking for a role, these are the elusive few that you really want and need…

Most wealth management recruitment companies state that using a financial recruitment agency can be a game-changer for companies looking to hire the right talent.

• They will highlight their access to top talent: Recruitment agencies are often experts at finding people with the right skills. They can have access to a network of professionals who may not be actively applying for jobs but are open to the right opportunity – those “hidden gems” you wouldn’t find otherwise!
• They will claim to be time-saving: Let’s be real, recruitment can take forever. Sifting through resumes, setting up interviews, and evaluating candidates can take valuable time away from the day job. Agencies often free up your time to focus on running the business
• They might cite their industry expertise: Financial services recruiters tend to know the ins and outs of the wealth management world. They should understand the specific roles you’re hiring for, the qualifications needed, and even the salary expectations – so you’re more likely to get a candidate who fits right in
• They will state their cost-effectiveness: Sure, there’s a fee, but think about the costs of a bad hire. A bad hire is estimated to be three times the cost of the salary paid. A bad hire can damage overall productivity, have a negative effect on team morale and make your team feel on edge. Recruitment agencies can help you avoid the headache (and costs) of high turnover, or worse, a candidate who really isn’t up to the job
• They will claim a faster hiring process: Agencies are motivated to fill positions quickly (after all, they usually work on a contingent basis, so only get paid for success!). Plus, they often have pre-vetted candidates ready to go, meaning you can fill positions faster than if you were starting from scratch

In short, financial recruitment agencies can make hiring easier, faster, and more effective – definitely worth considering if you’re looking to bring in top financial talent!

• Agencies throwing out CVs for any job irrespective of match
• Candidates turning up not really knowing why they are there
• Candidates blatantly not right for the role
• Holes in the CVs a mile wide and not having been pre-vetted
• Multiple applications for the same candidate with different agencies fighting over them (where they have not gained consent from the candidate to put them forward)
• Pushy agents who don’t listen, but think they are the best thing since sliced bread and every one of their candidates is outstanding
• Recruitment consultants who smile at you but would sell their grannies in a heartbeat!

It’s true, these scary people are real and they are out there!! They add stress and white noise to your working day, instead of adding value.

• Recommendations – ask for these
• Values – check out recruitment company websites and see if they talk about their values in any meaningful way
• Testimonials – do they have any testimonials on their website and recommendations on LinkedIn?
• Awards – have they won any?
• Industry Experience – How many years’ experience do they have in both wealth management recruitment and financial services as a whole?

• Choice
• Honour
• Deliver

Our mission is to do good: treating everyone fairly and with the respect we would like for ourselves. We care and it shows. We talk about how we live our values on our video.

There are many testimonials on our website as well on our Senior Talent Manager’s LinkedIn pages, such as: https://www.linkedin.com/in/pam-sutherland/details/recommendations/

Truestar Talent is extremely proud to be a  multi-award-winning wealth management recruitment company. These accolades reflect the skill, dedication and passion of our team, as well as our unwavering commitment to excellence in the Financial Services Recruitment sector. Each award reinforces our commitment to raising the bar even higher for our candidates and clients, and to continue striving for even greater future achievements.

With an average of over 35 years’ experience in financial services and recruitment, our extensive network spans far and wide. We’ve grown into one of the UK’s largest wealth management recruitment firms, with Senior Talent Managers located from Scotland through the UK to Cornwall. What sets us apart is the unique fact that our team has known each other for more than 20 years, sharing aligned values and working collaboratively to exchange thoughts and best practices.

Get to know our team and hear directly from them in their videos, where they share insights into their backgrounds, ethics, and industry expertise.

For us, its personal.

• We take the time to understand how you work, to really get to know you and find out what makes you special, your culture, your ethics and your EVP! Check out our article “Employer Value Proposition in Wealth Management Recruitment”
• We actively listen to you, to hear what is important to you to deliver long lasting and thriving hires for wealth management companies
• We match to your culture and needs ensuring people are successful and flourish
• We are consultative rather than just taking on a job specification – gaining a good wish list understanding, so that we can match to this
• We ardently advocate for you, singing your praises with elusive candidates
• We find people who bring a genuine passion for your role – they are well briefed so that they make an informed choice, so they know why they want to join you
• We follow your HR procedures, to ensure a seamless, transparent and effective recruitment process

We support you and the candidate throughout the process – we are with you every step of the way.

• 90% national hire conversion rate
• 97% are still thriving in role 5+ years onwards
• Values-led headhunters, who are ethical and effective
• Multi-award-winning Senior Talent Managers
• National team spanning Scotland to Cornwall
• Elusive Talent are awaiting our trusted recommendations

• Working closely with great clients: Truestar Talent candidates are closely matched to your culture and values. It’s vital to ensure it’s the right fit
• We don’t take things at face value: By doing our research, candidates make well informed choices when they are introduced to you
• Being very selective: We choose to only work with genuinely great clients; we are mindful that this is someone’s long-term career move
• Your business is distinctive, as are the people introduced to you: We take the time to ensure our talent acquisition matches your culture and needs. When you are building something truly outstanding, you’re going to need outstanding, committed people. We find people who bring genuine passion for their new role. Just like you, we ensure we are getting things right, we listen to you about the changes you would like to see to our services and we encourage and actively seek feedback
• We work closely following client HR procedures: This ensures a seamless, transparent and effective recruitment process. Working in tandem with both HR and Hiring Managers, we take the time to understand the specific needs in relation to the vacancy, ensuring that our service delivers the excellence that you need
• This is why the candidates stay and are very successful: We happily work with FTSE 100 companies, niche market players and privately owned companies – the core aspect for us is that that you look after your workforce and that there is great potential to succeed

With an average success rate of 90% and 97% of people still thriving in role 5+ years onwards.  We deliver what we promise. Not all wealth management recruitment companies are created equally… Truestar Talent is ethics driven and effective in how we work with you to deliver consistently great results for you and for the people you hire.

Give us a call today, we’d love to get to know you.