As financial advisory firms compete for talent, they’re not only offering higher compensation to new recruits, but also luring them with creative benefits.

Halbert Hargrove, a firm based in Long Beach, California, offers advisors a relocation bonus, which rewards employees who live within a 20-minute commute from their office.

The benefit supports work-life balance, and helps the firm encourage its workers to cut down on the drudgery of driving in Southern California traffic, says Cecilia Williams, the firm’s chief compliance officer.

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