by Patrick M. Kelly | Jun 18, 2010 | Compensation, Financial Services Industry
[pullquote]…staffing is up by 16% from six months ago.[/pullquote] Good news for any financial advisors who work for or would like to make a move to an RIA firm. There is an increase in compensation with most RIA firms that TD Ameritrade surveyed. According to this...
by Patrick M. Kelly | Jun 17, 2010 | Clients
With the downturn of the economy and markets these past few years coupled with the longer life expectancy, many clients are not going to reach their retirement goals. According to Hilary Johnson’s article in Investment News, financial advisors are re-allocating funds...
by Patrick M. Kelly | Jun 15, 2010 | Financial Advisor Job Recruits, Financial Recruiting Industry
Morgan Stanley Smith Barney is now trying to keep in line with Merrill Lynch by offering better incentives to financial advisors to join their firm. These and other firms are becoming more and more aggressive in their recruiting efforts in 2010. It seems now is the...
by Patrick M. Kelly | Jun 11, 2010 | Financial Advisor Job Recruits, Financial Services Industry
BUT…you need to do your homework first and find out what career path that assistant is on and the only way to find that out is to ask them. Focus on the short term (two to five years out, versus long term, because generally, they are younger staff) If they want to be...
by Patrick M. Kelly | Jun 9, 2010 | Financial Services Industry
[pullquote]We’d like to see them ramp it up now so they don’t get shocked in 2011.[/pullquote] Is Edward Jones changing their focus and joining the ranks of the wirehouses on Wall Street by pushing advisors to increase production? Last week, executives at Edward Jones...