by Patrick M. Kelly | Jan 25, 2013 | Financial Recruiting Industry
“This is the first significant change to our grid during my almost 20 year tenure at Raymond James,” Tash Elwyn, president of the firm’s Private Client Group, said in a phone interview with On Wall Street last week. “With this new grid we have achieved our goal of...
by Patrick M. Kelly | Jan 23, 2013 | Technology
Riskalyze, an online risk profiling tool, has launched a free version for advisors. Using its proprietary Risk Fingerprint technology, Riskalyze quantifies risk tolerance and matches it to the appropriate model portfolio. The free version was announced on the...
by Patrick M. Kelly | Jan 18, 2013 | Hiring, Job Market
Not official yet, but an “unidentified” person “in the know” released the information last week to FA-mag.com. The rumor has it that 1,600 jobs within the investment banking and trading units will be slashed in the coming weeks, about half of them within the United...
by Patrick M. Kelly | Jan 16, 2013 | Compensation, FINRA
It didn’t take long for financial advisors to react to FINRA’s January 4 proposal to Regulatory Notice 13-02, which would require member firms to specifically disclose the financial incentives they give to the representatives they recruit. And overall, the wirehouse...
by Patrick M. Kelly | Jan 14, 2013 | Financial Services Industry, FINRA
“Wall Street brokers who are lured to new firms with signing bonuses of at least $50,000 would be required to tell their clients under a rule proposed by the Financial Industry Regulatory Authority.” (OnWallStreet.com, Jan 7, 2013, Zech Faux “Brokers to Disclose….”)...