I applied through a recruiter. The process took 3 weeks. I interviewed at Fisher Investments (Plano, TX) in Mar 2022
Interview
I believe the interview process for the Investment Counselor role was a great experience. I was contacted by a 3rd party recruiter. Recruiter started the application process for me. I was contacted by HR to schedule phone interview which was a 45 min call getting to know you and your experience in the industry. Next, I completed a video interview with multiple leaders and HR managers, and at the end was a 10-15 minute mock call discussing market events with common client objections. Prior to the video interview the recruiter scheduled a 45 minute phone call to help prepare for the interview and mock call. In the video interview I noticed something different than what most companies do. It was a 3 hour interview with multiple senior staff. I believe this is beneficial to the interviewee because it allows for a better chance of connecting rather than just having one or two individuals making the hiring decisions.
I can’t find any things that I would change through the process I appreciated every step taken all the way up into the offer phone call. Some people connect better in person, but we are in a different environment these days.
Advice- practice mock phone call multiple times, study the articles that is given to you by Fisher. Have a good understanding of capital markets. Read the book Debunkery by Ken Fisher. Read Fisher Investment minder articles.
Interview questions [1]
Question 1
-Why Fisher Investments?
-What would make us choose you over the 3 other individuals that we will be interviewing this week?
-Explain the yield curve?
-Discuss current Market Events?
-Explain a time you went above and beyond for a client?
-How would you answer if a client ask you what is a stock?
-What is the difference between active and passive investing?
The initial phone interview felt incredibly rushed. Despite the position being marketed as a wealth management role, it is essentially a high-volume asset-retention phone center. The day-to-day focus is simply convincing clients not to transfer their money out of the firm rather than providing actual, comprehensive wealth management or tailored financial planning services. Very misleading job description.
Interview questions [1]
Question 1
Explain a time you made a mistake and what did you do about it.
An initial phone interview was scheduled whereby they screen your qualifications and experience for the role based on your submitted resume. They want to hear your interest in fisheries investments non broker dealer approach to offering investment advice.
Interview questions [1]
Question 1
Are you willing to relocate to the company’s Florida office to work as an investment counselor?
Video interview with multiple members of the IC team. Laid back, not very technical. 5-10 minutes per member. Questions included hypotheticals regarding how you would describe things to an investor. Follow up with team lead a week later.
Interview questions [1]
Question 1
What would you say to a client in a market environment like xyz