Financial Advisors Look to Mentors to Help Sustain and Grow Their Business 

In this episode of LPL's community conversation series, "Around the Table," advisors address the importance of mentorship for their business and longevity in the financial industry.

"The secret to being in this industry a long time is to always be learning."

"The secret to being in this industry a long time is to always be learning," one advisor said. "Take it from the people that are doing it and adapt it to make it your own."

Another advisor said about mentorship among Black advisors, "Mentorship doesn't always have to look like us because there aren't many of us."

As Black advisors represent a small percentage of the financial advisor community as a whole, it's important when seeking out a mentor to find someone whose experience aligns with your professional aspirations.

"I've picked up mentors of all races and nationalities," another advisor said. "It boils down to whether we have something in common."

When searching for a mentor, you don't need to limit yourself to industry professionals either. Having mentors outside of financial services can provide complementary insights. "A lot of times in financial services, you're very siloed," another professional said. "The only way you get new ideas is to step out of that comfort zone and get other industry expertise."

Watch the complete episode to gain more insights about the role mentorship plays in financial advisors' success.

And stay tuned for upcoming episodes that touch on the challenges and opportunities Black advisors face and the work that LPL is doing to advance change.

Watch all episodes of Around the Table: Black Advisors at the Newsroom.

To learn more about diversity and inclusion at LPL, visit our webpage.


DISCLOSURES

The views and opinions expressed by the LPL Financial Advisor(s) may not be representative of the views of other Financial Advisors and are not indicative of future performance or success.

Any Advisor firms mentioned are a separate entity from LPL Financial.

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