MINNEAPOLIS, MN—North Star Resource Group ended 2016 with three new recruiting and training records. North Star’s Recruiting and Professional Development departments reported that throughout 2016, there were 109 internship starts, 35 apprenticeship starts and 24 resident starts.
The current North Star financial advisor training program is broken up into three sequential stages: internship, apprenticeship and residency. The apprenticeship stage is designed to help individuals build the foundation of their business, through obtaining licenses and registrations as well as holding appointments and gathering referrals. Residency, a four-year program, allows the fully-licensed financial advisors to develop and refine skills learned during apprenticeship while maturing their practice.
This past year’s record numbers can be attributed to several contributing factors, including continued support from North Star’s management team, the formation of strong relationships with key university contacts, and the development of a new training program designed to get 10 individuals into residency within 6 months, versus the normal 9 – 12 months. Even more impressive is that despite setbacks within the Recruiting department, namely turnover in staff, the team, led by National Director of Recruiting Mitch Zimmer, was still able to contribute to a record year. Growth was well dispersed among North Star locations across the country, with notably the Minneapolis headquarters leading the way in resident starts. While the Minneapolis location hosts the largest number of financial advisors, until 2016 the majority of resident starts had largely been allocated in new or expanding offices across the country, according to National Director of Professional Development and New Advisor Liaison Tony Ross.
2016’s numbers represent a substantial increase from 2015—where there were 90 new internship starts, 22 apprenticeship starts and 18 resident starts.
Looking forward to 2017, North Star’s Recruiting and Professional Development teams hope to from now on have an annual recurring minimum of 25 resident starts and continue to focus on the retention of relationships with universities that are able to connect North Star with top talent. North Star is currently home to nearly 150 financial advisors, many of which were recruited straight from their college or university. Further down the road, North Star hopes to grow to over 250 financial advisors by the year 2022.
About North Star Resource Group
North Star Resource Group is a Minneapolis-based financial services firm that provides both individuals and businesses with the resources to help create, preserve and protect their wealth. North Star has more than 150 full time advisors and over 150 employees. In a network of 44 offices in 22 states, they have contributed to the financial security and well-being of over 120,000 individuals and small businesses**. To learn more about North Star Resource Group, visit www.NorthStarFinancial.com.
Awards are based on criteria relative to leadership, achievement, and recruiting selected by the applicant. Individuals must be current with membership dues and submit an application fee for consideration. Working with this firm or this individual is not a guarantee of future financial results. Investors should conduct their own evaluation. In order to be granted some of these awards, individuals must be in good standing with the organization in terms of their applications and payments.
North Star Consultants, Inc. - Insurance Products and Services. CRI Securities, LLC - Securities and Investments. Securian Financial Services, Inc. - Variable Products and Securities.
North Star Resource Group offers securities and investment advisory services through CRI Securities, LLC and Securian Financial Services, Inc. Members FINRA/SIPC. CRI Securities, LLC is affiliated with Securian Financial Services, Inc. and North Star Resource Group. North Star Resource Group is not affiliated with Securian Financial Services, Inc. North Star Resource Group is independently owned and operated.
**Data as of 12/31/2015
1688724/ DOFU 01-2017
For Immediate Release
PR & Social Media Specialist
North Star Resource Group