by Patrick M. Kelly | Apr 8, 2011 | Financial Recruiting Industry
What exactly is the “Garden Policy” and will it hamper recruiting? Traditionally, wealth management firms largely follow a broker protocol, whereby an advisor cultivates a personal relationship with clients and has ownership of their business. A garden leave...
by Patrick M. Kelly | Apr 5, 2011 | Financial Services Industry
Whatever the final SEC regulations are, it’s pretty well agreed that brokers will be operating under a more stringent fiduciary standard of care. Given that, there will follow a dramatic transition for brokers and firms who will have to jump on the band wagon and add...
by Patrick M. Kelly | Apr 1, 2011 | FINRA, RIA
There has been a “rumble” since January when the SEC announced that FINRA would soon be regulating RIA’s and fiduciary standards would apply to broker-dealers. Most of the RIA’s seem pleased about a uniform standard of conduct, but cautionary about the prospect of...
by Patrick M. Kelly | Mar 30, 2011 | Financial Recruiting Industry, Hiring, Job Market
It was an interesting survey recently conducted by Grant Thornton LLP that pointed to the optimism of banking executives regarding the U.S. economy’s recovery in the next six months. A robust stock market, stabilizing unemployment and improving corporate earnings...
by Patrick M. Kelly | Mar 24, 2011 | Financial Advisors, Financial Services Industry, wirehouses
Not according to the consensus of Bank Insurance and Securities Association members who attended its Third Party Marketer Forum this month. Not only are they not adapting well, but the banks seem to have cooled to going after the wirehouse reps. This is a big...
