by Bill Willis | Dec 31, 2012 | News and Media
As the calendar turns the page to another year, 2013 offers the four largest U.S. wealth management businesses the opportunity to recapture some of the assets and talent they have been ceding to other business models including regional, RIA and independent firms. But...
by Patrick M. Kelly | Dec 28, 2012 | Compensation, Financial Services Industry
Good news regarding financial advisor compensation according to The FA Insight Study of Advisory Firms: People and Pay Compensation Update for 2012, released Tuesday. “Compensation within the financial advisory industry is rising at rates significantly greater than...
by Patrick M. Kelly | Dec 26, 2012 | FINRA
Financial advisors are to be relieved of some of their burden in interpreting the FINRA Rule 2111 known as the “Suitability Rule” passed by the Securities and Exchange Commission in November of 2010 and effective in June of this year. The Rule outlines the...
by Patrick M. Kelly | Dec 14, 2012 | Financial Recruiting Industry
“With 20% of wealthy investors under age 55 planning to change their primary advisor in the next 12 months, tech enhancements may be the difference between acquiring or losing clients” according to the Cisco IBSG Financial Services Practice survey. “Some advisors...
by Patrick M. Kelly | Dec 12, 2012 | Financial Advisors
Since 1988 FINRA has had a registration category for “Assistant Representatives-Order Processing.” FINRA Rule 1041 defines an Assistant Representative-Order Processing as “persons associated with a member who accept unsolicited customer orders for...