by Patrick M. Kelly | Jul 31, 2013 | Compensation, RIA
[pullquote]Is the RIA profession entering a golden era? Sounds gushy, but it might be true.[/pullquote] “Increasingly, investor mindshare and wallet share are moving into the space as people turn away from the commission-based model in favor of a fee-based one that,...
by Patrick M. Kelly | Jul 25, 2013 | Financial Services Industry, RIA
Raymond James is looking to attract RIAs from all over the country and has established four regional director positions based on that goal. But the two areas where Raymond James sees the biggest opportunity are the Northeast and West, Bill Van Law, president of...
by Patrick M. Kelly | Jul 22, 2013 | Compensation, Financial Recruiting Industry
“The recruiting deal rubber band has been stretched out as far as it’s going to go, and the reason circles back to advisor demographics.” This prediction, according to Mark Elzweig, who heads a New York-based executive search firm focusing on the asset...
by Patrick M. Kelly | Jul 12, 2013 | Going Independent, RIA
“When wirehouse brokers consider shifting to independence, they need to weigh a lot of factors and ask a lot of questions. John Stuart and Mag Black-Scott of Beverly Hills Wealth Management provide 11 questions that should be top of mind for advisors before making the...
by Patrick M. Kelly | Jul 10, 2013 | Financial Services Industry
The National Association of Insurance and Financial Advisors, which has argued against the need for an expanded fiduciary rule, produced its survey in response to a request from the Securities and Exchange Commission for more data from stakeholders to inform its...