by Patrick M. Kelly | Jan 11, 2013 | Licensing, RIA
Finance industry recruiters are often asked, from advisors considering a move to an RIA, what happens to their Series 7 license if they join an RIA firm, which requires an active Series 66 or Series 65. Can they “hold” and maintain the Series 7 in case they wish to...
by Patrick M. Kelly | Jan 4, 2013 | Financial Advisors, Financial Services Industry, Technology
More mobile apps and technology developments are on the horizon for financial advisors in 2013. “Advisors’ use of technology grew exponentially in 2012, and that growth shows no signs of stopping in 2013. As tech keeps evolving, advisors are eager to use those...
by Patrick M. Kelly | Jan 2, 2013 | Financial Services Industry, Wall Street, wirehouses
Merrill Lynch, Morgan Stanley, UBS and Wells Fargo—need to pay close attention to two areas in order to boost their market share: profitability and financial advisor compensation. “The need for the large firms to increase their hold on the market comes as studies...
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...
