Advisor news
Financial advisor career news from Willis Consulting
Recruiting and Retention by UBS
So what will the fallout be for UBS with the latest scandal and negative news? Well, although there won’t be any compensation changes for financial advisors as a result of the trading loss of $2.3 billion, in all probability there will be other far reaching losses. No...
linkedFA Increases Content Offerings
There are 10,000 registered users of linkedFA, a social networking site for financial advisors which is compliant with SEC regulations, and users are now able to access the latest corporate earnings releases, comment on them and distribute them to their clients and...
FA’s Increase Staff to Increase Assets with Help from Financial Advisor Recruiters
Spend more to make more? Usually a sound business practice and one which many top producing Financial Advisors are adhering to. More and more, we financial advisor recruiters are finding “teams” versus individuals who may be looking to move. Hiring a Team to Grow...
Video Websites for Financial Advisors — Can They Help Grow Your Business?
Am always looking for ways to improve our website at www.willis-consulting.com, and the more new sites I look at, the more I am seeing video enhancements. Definitely something I am considering after looking at some recent stats from emarketer.com. Business people...
Is The Hybrid Model The “Best Of Both Worlds” for Independent Financial Advisors?
[pullquote]there are more resources than ever to help independent financial advisors transition to the hybrid model[/pullquote] After looking at their options, more and more independent financial advisors are opting into the “hybrid” business model whereby they can...
Is the Pendulum Swinging Back Toward the Wirehouses?
Independent or Wirehouse business practice? During the past two years this has been the big debate in the industry…who’s moving where and what are the pros and cons of each? What misconceptions are being fostered within the two worlds? Are the Wirehouses recruiting...
Securities America Financial Advisors — Will They Jump Ship?
Since last April, Securities America has shed close to 100 financial advisors, and has been bought out by Ladenburg Thalmann Financial Services for $150 million. So, will the remaining advisors remain loyal or jump ship? Well, it appears that Securities America is...
Wealth Management Practice By and For Women Only
San Diego based wealth management firm, HohyleCohen, affiliate of Focus Financial Partners, has launched a separate practice group staffed by women and targeted at women -- specifically high-net-worth women over 45 who own their own businesses, are going through a...
Are Current Consolidations About Shrinkage or Growth?
[pullquote]Is this a new wave of consolidation within the finance industry?[/pullquote] The recent sale by Ameriprise Financial of its Securities America advisory services has led to a new “buzz” on the street. The big question: Is this a new wave of consolidation...
Group Training Affordable For Advisors Seeking PR and Media Training
Every successful financial advisor has at one time or another reached a plateau in growing their business; you know, that point where they seem stuck on moving beyond to the next level. If their firm or broker/dealer doesn’t offer PR or media training programs to...
3 RBC Wealth Management Programs Promote Growth
Acquisitions and Financial Advisor movement is generally associated with a broker-dealer growth, but RBC Wealth Management claims they are doing it by keeping their customers satisfied. A customer satisfaction survey by J.D. Power and Associates ranked RBC first in...
Some Bonus Contracts Include No-Counterclaim Clause
Before entering a deal, and signing your bonus contract, read ALL the number of provisions. The Wall Street Journal reports on Aug 2, that some bonus contracts reviewed by Dow Jones and several securities lawyers, show that some advisors in recent years have waived...
2012 Outlook for Financial Advisor Trainees
Banks across Wall Street are honed in on cutting costs lately and it looks like the cuts will be hitting advisor training programs next year. [pullquote]…cuts will be hitting advisor training programs next year[/pullquote] Morgan Stanley Smith Barney announced they...
What Are FA’s Trying to “Fix, Accomplish, and Avoid?”
As a recruiter, I spend a lot of time on the phone with potential candidates who are seeking a career change, or thinking of going independent, or wanting to establish themselves with one of the wirehouses. Before we agree to meet, there is certain criterion that...
Downgrade Impact on US Banks to be Minimal
Hold on…this is NOT crisis time. The downgrade was signaled three months ago when S&P declared its long-term outlook on U.S. debt as “negative,” and the financial markets have known for a long time that the U.S. financial house was not in top condition. So, what...
FA’s May be Negatively Affected by S.A.F.E. Act Interpretations
It appears that some of the wirehouses are misinterpreting the guidelines regulating the S.A.F.E. Act of 2008, resulting in negative effects on the careers of some Financial Advisors. As financial recruiters, Willis-Consulting is aware of these issues, and encourage any FA’s who are being effected to contact us for more information and advice. As a background to this issue, please read on…
RIAs Dream of Billion Dollar Club
Dream big or go home… Financial Advisor’s 2011 RIA Survey cited 91 of 454 firms participating in the survey had actually reached the “Billion Dollar Club” status, and 17 of them were new entrants. (Up from 21 in 2005, when the survey was inaugurated.) But in 2008, it...
Debt Ceiling Crisis Overblown
“Relax, and just sit out the crisis,” says Fred Dickson, chief investment strategist at D.A. Davidson, a Montana-based brokerage and money management firm. He calls it a one-in-a-100 chance that the government will not raise the debt ceiling, but if that “one” did...
Finance Job Recruiters Say: Happy Anniversary Dodd-Frank!
So, on its one year anniversary, Republicans and industry groups used the occasion to lambast the bill for what they call “dangerous government overreaching.” Accusations that it has not only failed to heal the economy, but it has added to the uncertainty that has...
Unified Managed Accounts Go One Step Further
Originally UMAs were designed as a way to bring multiple separate account managers into one account. They require only one client registration, one account, one set of paperwork and one 1099. Portfolios and investment policy statements can be created online in about...