by Patrick M. Kelly | Jul 8, 2013 | Merril Lynch
Merrill Lynch has begun to roll out a new single platform for its managed accounts. The conversion will usher in a change that Lorna Sabbia, head of the firm’s Managed Solutions Group, has been hearing advisors request for 18 years. [pullquote]This is something that...
by Patrick M. Kelly | Jul 3, 2013 | Compensation, Financial Advisors, Financial Recruiting Industry
HSBC has taken a bold move that many in the industry have long considered unthinkable: it has put all of its financial advisors on salary. Their rationale?? “HSBC made the switch to align the compensation structure for advisors in the U.S. with those in the rest of...