by Patrick M. Kelly | Nov 19, 2012 | Financial Advisors, Financial Recruiting Industry, Financial Services Industry
As regulations tighten around Wall Street firms, we’re seeing more financial advisors being terminated for offenses which in the past may have been handled with a simple reprimand. Termination need not be a “career buster,” but certain steps need to be put into action...
by Patrick M. Kelly | Nov 14, 2012 | Compensation
Two opposing points of view were presented in the October 30th feature article in Advisorone.com by reporter Gil Weinreich, who interviewed Patrick Burns, securities lawyer from Beverly Hills, who represents RIA clients; and veteran recruiter Mark Ezweig, the New...
by Patrick M. Kelly | Nov 12, 2012 | Compensation
Incentive compensation — those large bonuses used to lure brokers from one firm to another — should they be disclosed to the broker’s clients? The discussion has been on the table for the past three years; since SEC chairman Mary Schapiro stepped in and...
by Patrick M. Kelly | Nov 9, 2012 | Financial Services Industry
By merging two of its wealth management units earlier this year the Abbot Downing Wealth Management business was launched. Under President Jim Steiner, the subsidiary, which has a “small firm feel”, caters to ultra-high-net-worth individuals and families with $50...
by Patrick M. Kelly | Nov 7, 2012 | Financial Advisor Job Recruits, Financial Recruiters, Financial Recruiting Industry
The bidding war among the big wirehouses to recruit financial advisors who manage the assets of the “ultra rich” continues. High-end U.S. brokers are being offered two to three times the commissions and fees they produced in the previous year, a reflection of how...
