Implementing a financial planning internship program can be a challenge. From finding good candidates and creating a good job description, to making a hire and getting the intern up to speed in your firm quickly, there is simply a lot to learn and do in a short amount of time. The end result is that many financial planners avoid internships, even though they could be great opportunities for students, firms, the profession, and even your clients!
And the reality is that implementing a financial planning internship program does not need to be an overwhelming task. By implementing a process and onboarding an intern in a thoughtful and systematic way, financial planners can launch a successful internship program, which also helps build a pipeline of talented candidates that firms can hire for future openings.
In this guest post, Jon Yankee of FJY Financial shares how they implemented a financial planning (summer) internship program, from the early stages of finding qualified candidates, all the way through the late stages of the exit interview to get feedback from interns and discover ways that the program can be improved going forward.
The end result of their financial planning internship program has not just been a way to give back to the profession, students, and the CFP Board Registered Programs training the financial planners of the future, but also a direct benefit to the team members at FJY Financial, a talented pool of vetted candidates from which FJY has hired, and an experience working with young financial planners who have enhanced client deliverables for the firm. Of course, it is always a challenge trying to get an intern up to speed in a short amount of time and acclimated to the culture of a new firm, but with a diligently implemented internship program, FJY has been able to bring in 21 summer associates in the 11 years they have operated their internship program!
source https://www.kitces.com/blog/implementing-financial-planning-summer-internship-interview-tasks-yankee-fjy/?utm_source=rss&utm_medium=rss&utm_campaign=implementing-financial-planning-summer-internship-interview-tasks-yankee-fjy
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