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Who To Hire First As Your Advisory Firm Grows (And Why Do You Even Want To?): Kitces & Carl Ep 111

Kitces and Carl - Real Talk for Real Financial Advisors

CHAPTER

How to Hire the Right People

Sullivan: Most advisors in out hiring their first staff members somewhere between 150 and 250 thousand dollars of revenue so much just a little bit of like how comfortable you are to make the reinvestments. He says most advisors I finally start hitting the wall around 40-ish clients or so may come a little earlier later depending on how deeply involved you are. The second hire he finds usually comes somewhere around 70 to 80 client households that's like I've leveraged myself up a little, Sullivan says.

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