Advisor news
Financial advisor career news from Willis Consulting
Vice President, Outside Sales Person Openings
This position is available in the following major markets: Pittsburg PA Detroit MI Phoenix AZ Tampa FL Indianapolis IN Cleveland OH New York NY Our client, a California based RIA, is one of the largest independent investment advisors managing billions of dollars in...
Sales People Needed in Portland OR
Looking for talented sales people in Portland OR. Aggressive compensation structure includes a $50,000 base salary. Financial Services Industry. No industry experience necessary although candidates must have a minimum 3 years external sales experience with a...
15th Annual Independent Broker Dealer Guide Available Now
A wealth of information for all RIA’s or those considering going the independent route is now available in the October issue of OnWallStreet.com. As a supplement and produced by SourceMedia Marketing Solutions Group, the broker-dealer guide and ranking of independent...
Fisher Investments Not Your Typical Firm
Founded in 1979, with primary offices in Woodside and San Mateo, California and Camas, Washington, along with a subsidiary in London, Fisher Investments is one of the largest independent investment advisors with billions of dollars under management. Founder and CEO...
Raymond James Advisor Retention Helps Boost Fees, Commissions
Acquiring Morgan Keegan last April, along with the ability to retain a large percentage of their financial advisors, appears to have paid off for Raymond James, who announced an 8% increase in fees and commissions to $250 million during August, 2012. This is up 8%...
MSSB Becomes MSWM — So Long To Smith Barney
The end of an era and a bit of history... In 1938, with the merger of two brokerage firms founded by Philadelphians, Charles D. Barney and Edward B. Smith, the modern day Smith Barney was born. Thus began their long history of acquisitions. Smith Barney snatched up...
Robo Advisors – Full Service or No Service?
Technology has taken leaps and bounds to augment and enhance what financial planners do, and since 2009, a new breed of technology firms threatens to challenge advisors as well. The rise of the so called “robo advisor”—online startup firms that aim to replace...
HighTower Seeks New Financial Advisors
In an effort to attract more independent financial advisors, HighTower has introduced two new options, the HighTower Network and the HighTower Alliance. The Chicago-based, advisor-owned financial services company has grown quickly by attracting heavy-hitting advisor...
The Solution To The Recruitment Merry-Go-Round?
Bill Willis, President and CEO of Willis-Consulting, Inc. offers insight and analysis of the recruiting “merry-go-round” so prevalent within the financial industry. Will it continue? Read his report “Firms Recruit Top Advisors Instead of Developing Their Own” as...
Fall Upswing In Recruiting
Following a slowdown in broker movement over the summer months, September is off to a roaring start with competition heating up between wirehouses and independents. A look at some of the movement: Since Merrill Lynch recently lost two advisor teams to RBC Wealth...
Video Interviews: Wave of the Future?
Experts say there are good reasons for Financial Advisors to do a video interview; they are Easy Cheaper than flying someone in May give the recruiter a better sense of the potential employee than a phone call Allison Linn reports below for lifeinc.today.com “It’s no...
Mandarin Chinese Speaking Financial Advisors In Demand
Citi Private Wealth Management (Citibank) is a global bank with approximately 200 million customer accounts and conducts business in more than 160 countries and jurisdictions. They provide consumers, corporations, governments and institutions with a broad range of...
Wells Fargo Actively Recruiting “Rising Stars”
St Louis based Wells Fargo Advisors is looking for up and coming “rising stars” for their WBS (bank brokerage) and PGC (Private Client Services-wire house) channels. By their definition, a “rising star” is a financial advisor with less than 6 years of industry service...
Does Merrill’s $40 Million Settlement Open Pandora’s Box?
Is the $40 million dollar settlement really a resolution? That’s the ‘scuttle’ this week on the block. Or is it opening a door to further claims and litigation? The settlement for deferred compensation will go to about 1, 467 financial advisors who were formerly...
Citigroup Hires Two Top Execs
Announces Plans to Hire 300 Bankers and Brokers Continuing with a brisk hiring spree over the past two years, Citigroup has recently hired two top execs: John Cummings as chief operating officer for Citigold Wealth Management and Frank Consalo overseeing investment...
Beacon Pointe Sets Recruiting Date in September
Beacon Pointe, based in Newport Beach, Ca., is one of the largest independent RIAs in the U.S. with over $4 billion in assets under advisement. The firm specializes in working with endowments, foundations, institutions, and high-net-worth individuals. Beacon Pointe...
Advisory Competition Still Strong
Advisory competition between wirehouses is still strong, and they are still swapping teams. Merrill’s Tampa office just hired a two member veteran team from MSSB both of whom had 28+ years with Morgan Stanley. At the same time, two teams left Merrill’s; one team going...
MSSB Reorg Slashes Management Positions
As one of its last steps in integrating the 2009 merger of the Morgan Stanley with Smith Barney brokerages into a single entity, the number of complexes in the organization will be cut from 118 to 86 and the ranks of non-producing managers will be slashed from 150 to...
Technology Glitches – Can They Bring A Firm To Its Knees?
Can Knight Capital recover after suffering massive losses when a software glitch sent out a stream of unintended trades? Although saved from total collapse by $400 million of new capital from a consortium of private equity funds and several investor groups including...
MSSB Cuts 32 Complexes in ‘Flattening’ Move
Morgan Stanley Smith Barney is executing one of the last steps in the larger reshaping of its business, slicing the number of complexes in its financial advisor organization from 118 to 86, and cutting its non-producing manager ranks almost in half – from about 150 to...