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Episode Summary
Sean Allocca and Nicole Casperson look at the reasons many advisers are cautious when it comes to digital assets and the disconnect between client interest and adviser willingness. Hannah Moore joins Jeff and Bruce as well to give a one-year update on the FPA’s resoundingly successful externship program implemented in response to the outbreak of the Covid-19 pandemic.
Episode Notes
How the new “externship” program works.
What participants receive at the end.
What financial advisers get out of participation.
The cost of the program and the future of the program.
The accountability element of the program.
Hannah’s podcast.
Why virtual internships are here to stay
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
April 15, 2021 3 MINS
Once seen as potential casualties of a pandemic-altered work environment, summer internship programs have emerged as one of the shining success stories across financial services.
Not only did most internship programs at advisory firms adapt and thrive last year, but the overall experience and lessons learned have permanently altered the way internships are likely to be managed going forward.
“Our virtual internship program helped us become a lot more comfortable with the idea of hiring people virtually, and bringing them on board to work virtually,” said Christopher Owens, senior advisor association and intern program coordinator at Wealthspire Advisors, which offered full-time jobs to four of last year’s interns.