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Firm History & Evolution

Stone Murphy is a prominent boutique executive search and consulting firm headquartered in Minneapolis. Since 1981, we have provided executive search services to companies of all sizes throughout the Midwest. For the past 20 years, our specialty practices have experienced tremendous growth and today we specifically focus our recruitment and human capital consulting on the Financial Services industry.  

Serve the Financial Services, Investment Management, Insurance, Banking, Real Estate, Private Equity,  Healthcare and Manufacturing industries.

The true test of the quality and productivity of an executive search firm is found in the results of the searches it has completed. Our completion ratio, repeat assignments and long-term relationships with many nationally recognized companies speaks highly for the quality of our practice.

Philosophy

Strive for the highest possible standards in executive recruiting and professional ethics.

Encourage our clients to keep their expectations high.

Seek out prospective clients who we view as philosophically compatible with Stone Murphy.

Built our successful practice by developing long term partnerships with a managed number of clients. 

Financial Service Practice

Investment Banking, Investments, Financial Services

In addition to proven results during each executive search engagement, Stone Murphy utilizes our 30+ years of knowledge and expertise within the financial services and investment industry to provide advice and solutions regarding best practices, human capital planning, organization structures, distribution models, compensation planning and industry challenges.

Team

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Toni Barnum

Managing Partner
Toni joined Stone Murphy in 1983 and leads the firm's Financial Services Practice. She is nationally recognized as an expert in recruitment within the financial services industry.

Read Toni's Full Bio

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Heidi Stumpf

Director of Research & Administration
Heidi joined Stone Murphy in 2008 and is responsible for the administrative and organizational management of the office.

Read Heidi's Full Bio

Long-tenured, highly experienced consultants

Professionalism, respect and follow-up for everyone participating in the search process

Proven in-depth industry and functional experience 

Recruitment Methodology

A common methodology is used to identify, evaluate and present the most qualified candidates, though each search has unique characteristics. This process has proven successful over the years in assuring consistent results regardless of the complexity of the engagement.

To ensure continuity and in-depth coverage, we utilize the comprehensive resources of Stone Murphy. One executive search professional has principal accountability for completion of the search and in most cases an additional professional works in partnership from start to finish on every engagement.

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One: Initial Consultation

Initial discussions are essential in developing a thorough understanding and definition of the assignment as well as the best strategy for the search. We conduct meetings with key individuals designated by our client to better understand the culture of your company, the position requirements and qualifications, and the goals and expectations for the role.

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Two: Position Development

Using the information and insights gained in the initial consultations we draft or enhance a position description for your review and approval. This summarizes our understanding of the responsibilities, objectives, qualifications, preferences and interpersonal characteristics required. It provides a key document to attract prospective candidates to your opportunity and serves as a guide to evaluate each candidate’s qualifications and fit.

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Three: Search Strategy & Candidate Identification

Stone Murphy identifies companies within targeted industries and sub-sectors on a local, regional and/or national basis in order to focus on individuals who meet our preferred criteria. Our research capabilities are extensive and we employ all techniques in order to generate a substantial pool of potential candidates and referral sources. In addition to accessing our proprietary database, we utilize our professional network and associations from previously conducted searches of similar nature.

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Four: Recruitment

We contact individuals on our target list to present your opportunity and solicit interest or referrals. As conversations evolve to expressions of interest, we provide client information and engage in more serious discussions. The most promising candidates are invited to meet either in person or via video conference for competency based interviews and cultural evaluation.

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Five: Candidate Evaluation

The evaluation of candidates during our interview process is based on specific competencies and interpersonal criteria that our client has defined. We explore past work history for a demonstrated track record of success and achievement. Candidates are then reviewed and ranked according to a relative value assessment and a final short list is prepared. All candidates are carefully vetted before being presented to our client.

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Six: Presentation & Recommendation of Candidates

We typically meet with our client within 30 - 45 days and present a report that summarizes our search strategy, our findings and other issues relevant to the engagement. This report includes documentation of all individuals contacted during the search allowing our client to monitor our progress and ensuring a comprehensive search. We discuss our recommended candidates and together decide who will be included in the interview process. We provide feedback to both our client and candidates during the interview process so questions and concerns are addressed prior to moving forward.

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Seven: Referencing & Background Evaluation

Once mutual interest is demonstrated between our client and a specific candidate(s), reference and background checking is done to support the candidacy of these individuals. We personally conduct thorough reference checks which are documented for your confidential use. In addition, we verify education, degrees, professional certifications, and regulatory checks when appropriate.

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Eight: Structuring & Closing an Offer

Once a final candidate has been selected, we serve as the intermediary between the client and candidate to facilitate a successful conclusion to the search. We provide our client with recommendations on compensation structuring, offer presentation and negotiation strategies.

Diversity & Inclusion

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It is important to us that we understand the guiding principles for diversity and the organizational culture of our client. Part of our initial strategy when beginning a new search, is to identify specific research methods and reach out to established networks to enhance the identification of a diverse candidate pool. Stone Murphy understands the value that a diverse work force provides. We are committed to our earnest support of non-bias on the basis of gender, race, sexual orientation, national origin and disability.

Client Reach

Our Specialty Practices and Industry Expertise have created extensive networks across the country
Our Specialty Practices and Industry Expertise have created extensive networks across the country

Contact

If you are a company considering a retained search engagement or strategic consulting for the investment management industry contact Toni Barnum to discuss our services

(763) 591-2300

910 1st Street 

PO Box 4022

Hopkins, MN 55343

Stone Murphy | Recruitment & Consulting for the Financial Services Industry | Phone: (763) 591-2300