by Patrick M. Kelly | Aug 13, 2010 | Financial Advisors, Job Market, wirehouses
Wirehouse firms know all too well that their efforts to retain top representatives by offering deferred compensation plans and forgivable loans are not enough. Financial advisors know they have to repay these loans if they decide to leave early. In effect, firms have...
by Patrick M. Kelly | Aug 11, 2010 | Financial Advisors, Financial Services Industry
Broker Dealer firms are realizing that financial advisors want more independence, but still the comforts of having the best technology and benefits of a brand name. Firms like Wells Fargo and RBC Wealth Management have increased their independent channels recently and...
by Patrick M. Kelly | Aug 6, 2010 | Breakaway Brokers, Financial Services Industry, wirehouses
Since wirehouse brokers already have clients who will follow, the transition from wirehouse to independent is much smoother. Advisors don’t have to build a book from scratch and have a solid foundation.
by Patrick M. Kelly | Aug 4, 2010 | Financial Recruiting Industry, Hiring, wirehouses
[pullquote]Hiring younger and newer advisors will allow the company to shape and mold them to fit their culture.[/pullquote] It may seem that many advisors are jumping ship from the wirehouses and heading toward independent firms. However, wirehouses are still...
by Patrick M. Kelly | Aug 2, 2010 | Financial Advisor Job Recruits, Financial Recruiting Industry
There have not been very many advisors looking to grow their business in the independent channel recently. Many advisors in the independent world are focused on succession planning and coming up short with whom they choose to run their business when they retire....