by Patrick M. Kelly | Jun 28, 2011 | Financial Recruiting Industry
With plans to double the number of their FSAs by year’s end, the total number of advisors in the year-old FSA program will number more than 1,000. This group of advisors represents the “Merrill Edge” – designed to combine the banking strength of BofA and...
by Patrick M. Kelly | Jun 24, 2011 | Clients
“Building your women clientele takes longer, but they are more loyal.” This is how Sallie Krawcheck, president of Bank of America Merrill Lynch’s global wealth and investment management unit, views the differences between client genders. Her remarks were made as part...
by Patrick M. Kelly | Jun 22, 2011 | Internet
No longer do we rely solely on ourselves to create first impressions. In fact, our websites are becoming more and more influential in determining how our clients perceive us and how successful we are in growing our business. True for financial recruiters as well as...
by Patrick M. Kelly | Jun 17, 2011 | Breakaway Brokers, Going Independent
In its newly released white paper, “Options for Independence Tax and Succession Considerations,” Fidelity Investments says that over a 10-year period, RIAs could pocket a much as $21 million more in after-tax income than if they had stayed at a wirehouse. The...
by Patrick M. Kelly | Jun 13, 2011 | Financial Services Industry, Hiring
There was a lot of “buying” of financial advisors and wealth managers in 2008-09 by some of the industry’s biggest firms through retention packages, most in the form of forgivable loans over a period of time. [pullquote] time and changing economic circumstances will...
