At Moneco Advisors in Fairfield, Connecticut, it’s not uncommon for any one of the 46 employees to be involved directly with clients, even though only 21 of those employees are financial advisors.

“Everybody here knows what it’s like to sit across from clients,” said managing partner Charlie Rocco.

“Everybody has a role, but we want everyone to feel like they’re helping clients,” he said. “It makes the work more fulfilling if you feel the impact of what you’re doing.”

The $1.5 billion RIA, which has completed a dozen mergers and acquisitions since Rocco merged his firm into Moneco in 2018, embraces the idea of “growth from a team perspective.”

“If we’re not growing as a firm, there’s not going to be opportunities for people to grow their careers,” he said.

And the opportunities are worth working for.

From day one, new hires are encouraged to focus on their long-term career goals. In addition to paying for continuing education and designations, Moneco offers in-house training programs and classroom-style training for skills like video presentations.

The encouragement to advance is likely helped by the fact Moneco doesn’t even have a chief executive but instead is run by a six-person executive committee.

“We talk a lot internally about growth from our team perspective,” Rocco said. “We have targets on the number of people we want to promote each year.”

— Jeff Benjamin