by Patrick M. Kelly | Jun 26, 2012 | Financial Services Industry, RBS
News flash of the week? RBS, the U.K.’s biggest taxpayer-controlled lender, is eliminating 618 branch-based financial advisors as new regulations force lenders to charge clients for the service. By the end of 2012, the Financial Services Authority’s Retail...
by Patrick M. Kelly | Jun 15, 2012 | Financial Services Industry, RIA
A plan to consolidate independent registered investment advisors under one brand name to compete with the big Wall Street brokerage houses already has commitments of interest from 72 firms. Steve Lockshin and Charles Goldman have created Advizent headquartered in...
by Patrick M. Kelly | Jun 13, 2012 | Breakaway Brokers, RIA
“Elite independent advisors are now earning close to the same compensation of top Wall Street brokers, with an average of $900,000 annually. Add falling Wall Street compensation and asset growth in the independent advisor channel and it becomes easier and more...
by Patrick M. Kelly | Jun 8, 2012 | Banks, Financial Services Industry
It is a known fact that the quickest route for commercial banks to achieve revenue growth and generate more fee income is to bulk up in their wealth management business through acquisitions. City National Bank (CYN) in Los Angeles recently struck a deal to buy...
by Patrick M. Kelly | Jun 5, 2012 | Financial Services Industry, Marketing
Talk about clever marketing ideas, I have to hand it to Roswell Wealth Management (RWM) of Bend, Oregon who targeted 125 preferred high-net worth clients on a marketing budget of $25,000 which resulted in 12 new clients and boosted the firms AUM by 60% over its 2010...