I have found that the answer to this question has much more to do with the way advisors structure the role, rather than being an issue of the talent pool they are selecting from.
Think about it this way: Our industry is obsessed with “rainmakers;” those who have a superior ability to sell and/or gather assets. We have taught advisors that if you cannot “produce,” you cannot be an advisor. As a result, advisor-leaders tend to have tunnel vision as it relates to what they want an associate advisor to look, think and act like.
In fact, advisor-leaders are almost always looking for an associate advisor … who is exactly like them.
This approach to hiring is flawed for several reasons.