Sole practitioners or leaders of small firms who want to take their practice to the next level should seriously consider hiring more advisers, though there are, of course, cost decisions to consider, observers say.

“If your practice is growing, you can only go for so long before clients might begin to notice that you’re juggling too many balls,” says Harriet Brackey, a CFP and the director of investments and the co-chief investment officer at GSK Wealth Advisors in Hollywood, Fla. “Adding good technology will help, but hiring someone is really the eventual answer.”

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