by Patrick M. Kelly | Jul 30, 2011 | Financial Services Industry, S.A.F.E Act
It appears that some of the wirehouses are misinterpreting the guidelines regulating the S.A.F.E. Act of 2008, resulting in negative effects on the careers of some Financial Advisors. As financial recruiters, Willis-Consulting is aware of these issues, and encourage any FA’s who are being effected to contact us for more information and advice. As a background to this issue, please read on…
by Patrick M. Kelly | Jul 29, 2011 | RIA
Dream big or go home… Financial Advisor’s 2011 RIA Survey cited 91 of 454 firms participating in the survey had actually reached the “Billion Dollar Club” status, and 17 of them were new entrants. (Up from 21 in 2005, when the survey was inaugurated.) But in 2008, it...
by Patrick M. Kelly | Jul 27, 2011 | Economy
“Relax, and just sit out the crisis,” says Fred Dickson, chief investment strategist at D.A. Davidson, a Montana-based brokerage and money management firm. He calls it a one-in-a-100 chance that the government will not raise the debt ceiling, but if that “one” did...
by Patrick M. Kelly | Jul 25, 2011 | Financial Recruiting Industry, Job Market
So, on its one year anniversary, Republicans and industry groups used the occasion to lambast the bill for what they call “dangerous government overreaching.” Accusations that it has not only failed to heal the economy, but it has added to the uncertainty that has...
by Patrick M. Kelly | Jul 18, 2011 | Financial Services Industry
Originally UMAs were designed as a way to bring multiple separate account managers into one account. They require only one client registration, one account, one set of paperwork and one 1099. Portfolios and investment policy statements can be created online in about...
