by Patrick M. Kelly | Apr 27, 2012 | Financial Services Industry, wirehouses
Financial Advisor Magazine April 2012 issue Wirehouses Still King Of The Hill Despite headlines about breakaway brokers and the ascendency of the independent, fee-based advisory model, the Big Four wirehouses are still holding their own. According to Cerulli...
by Patrick M. Kelly | Apr 23, 2012 | Breakaway Brokers, Financial Recruiting Industry
In fact, 92% of High Tower’s financial advisors have been picked off from traditional wirehouses according to Charles Roame, CEO of Tiburon Advisors. Last week at the Tiburon CEO Summit XXII in New York City, Roame told the audience of financial executives that the...
by Patrick M. Kelly | Apr 16, 2012 | Financial Advisor Job Recruits, Financial Advisors
OnWallStreet’s Elizabeth White reports that Edward Jones conducted a poll of 1,000 American investors and found that investors want to see the traits of military veterans in their financial advisors. Edward Jones employs more than 1,300 veterans or 11% of their...
by Patrick M. Kelly | Apr 13, 2012 | FINRA
FINRA‘s proposal to change how broker complaints are expunged from CRD’s Broker Check at least offers the financial advisor some recourse on having “meritless” complaints removed from their record. Prior to the current proposed changes, the broker who was not...
by Patrick M. Kelly | Apr 11, 2012 | Financial Recruiting Industry
From the Reuters report to OnWallStreet on March 28, according to some financial recruiters with knowledge of what UBS offers, the company has offered up to 215 percent of a broker’s annual trailing revenue production upfront. (Rivals offer between 160 percent...