Jon Henschen's article, ""Corporate Safety in Cities: Some Get it, Some Don't" looks at how three financial services firms are responding to questions on how concerned they are for the safety of their visiting advisors and if they have plans to relocate their home offices.
MINNEAPOLIS, Minn., Oct. 18, 2022 /PRNewswire-PRWeb/ -- Published on October 14, 2022 in American Thinker Independent broker dealer recruiter Jon Henschen Publishes "Corporate Safety in Cities: Some Get it, Some Don't" looks at cities that are hot spots for crime (Chicago, New Orleans, and New York City), and reached three financial services firms on whether they are concerned for the safety of financial advisors that visit their home office and whether they intend on relocating their home office due to high crime rates.
Henschen asked a recruiter of a firm in New Orleans about their concerns. "Their response was: "There is no plan to change our home office location. Like other major cities across the country there are always challenges for safety and we take that very seriously." He also noted that as much as the firm may try to protect visiting prospects, they can't prevent candidates from venturing out and exploring after dinner, in which case, all safety assurances are off.
Speaking with the CEO of a Chicago firm, his response was: "Our home office is located in the West Loop area of Chicago which is very vibrant, growing, hip, and safe area of the city. We have had zero issues with crime or anything even close to it. Our home office employees enjoy coming to the office. So no, we have no intention of moving the home office." Normalcy bias aside, according to Niche, the issues with crime in Chicago are enough that many corporations have left.
Henschen also, in a discussion with a recruiter for a firm based in New York City, the conversation was frank and direct. He explained, "If I were an advisor, I wouldn't visit New York. It's not safe! Rent/Lease prices are still crazy high and you don't see anyone around so we have plans to move our office to another borough and then eventually go to Florida."
What are your options regarding corporate visits and safety? Henschen mentions, "During COVID, firms did virtual tours and Zoom calls as an alternative to in-person visits. The increased issue with flight delays and cancelations has further taken the shine off in person visits so doing a Zoom call with the departments that matter to you is a viable alternative. If you choose to do an in-person visit at a company that is located in a higher-crime city, avoiding venturing outside the safety of your hotel after dinner would be most prudent."
Jon Henschen is founder of http://www.henschenassoc.com, an independent recruiting firm focused on independent broker dealers and RIAs based in Marine on St. Croix, MN. With more than 30 years of industry experience, Jon is a staunch advocate for independent financial advisors, and is widely sought after by both advisors, broker dealers, and RIAs for his expertise and insight on industry topics. He is frequently published and quoted in a variety of industry sources, including Wealth Management, ThinkAdvisor, Investment Advisor Magazine, Wealth Management Magazine, Financial Advisor IQ, Financial Advisor Magazine, Investment News, and others.
Media Contact
Cristi Barkley, Henschen & Associates, 7578464107, [email protected]
SOURCE Henschen & Associates
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