by Patrick M. Kelly | Mar 30, 2012 | Broker-Dealers, Financial Services Industry
When The Hartford announced plans last Wednesday to sell Woodbury Financial Services, the firm’s independent broker/dealer, it created 1,600 financial advisors feeling anxious and wondering if they should start looking for another broker/dealer or wait it out to see...
by Patrick M. Kelly | Mar 27, 2012 | Job Market, Raymond James
OnWallStreet’s Lori Konish reported on March 22, that 600 Morgan Stanley financial advisors were offered retention incentives to remain with Raymond James after the acquisition two months ago. Of those, 98% have agreed to stay, a pleasant surprise as noted by COO...
by Patrick M. Kelly | Mar 19, 2012 | Merril Lynch, wirehouses
It’s a given that turnover is a constant in the wirehouse world and every wirehouse has gone thru their periods of upheaval, bad press, and an exodus of brokers. Speculation about Merrill’s inability to recruit big brokers after losing 50-80 top producers in the past...
by Patrick M. Kelly | Mar 16, 2012 | FINRA, Technology
FINRA hopes to eliminate administrative delays in the filing by firms of continuing membership applications. When a broker-dealer has an operation, change of ownership, or control change, they are required to file a continuing membership application (the 1017 process)...
by Patrick M. Kelly | Mar 14, 2012 | Financial Recruiting Industry, Job Market
[pullquote]a global financial leader with integrity as a core value[/pullquote]Since their founding in 1894 by John Tappan in Minneapolis, MN, Ameriprise Financial has grown into a global financial leader with integrity as a core value. With corporate offices across...