by Patrick M. Kelly | Mar 19, 2015 | Broker-Dealers
We feel that the fiduciary standard for broker-dealer based financial advisors being proposed by SEC Chairwomen Mary Jo White would have minimal impact on most of today’s brokers. Most firms and their advisors are already adhering to the higher standard...
by Patrick M. Kelly | Feb 28, 2014 | Broker-Dealers, Financial Advisors, SEC
“The agency will ‘intensify’ its focus on the role of financial advisors in 2014,” agency chairwoman Mary Jo White emphasized in a speech Friday morning, February 21 .[pullquote]The agency will ‘intensify’ its focus on the role of financial advisors in...
by Patrick M. Kelly | Apr 25, 2013 | Broker-Dealers, Going Independent
“The independent broker-dealer space has all the elements of a high-adventure video game this year, and only the most advanced players may be up for the challenge.” Anticipating and navigating regulations is growing more daunting, while shrewder strategies are needed...
by Patrick M. Kelly | Jul 16, 2012 | Breakaway Brokers, Broker-Dealers, Brokers
Financial Advisor Magazine’s July 2012 issue has the latest rankings and survey of the RIA firm arena. Reported by Eric Rasmussen, several trends are emerging in this year’s survey. Breakaway brokers have continued to enter the RIA space even more rapidly following...
by Patrick M. Kelly | Mar 30, 2012 | Broker-Dealers, Financial Services Industry
When The Hartford announced plans last Wednesday to sell Woodbury Financial Services, the firm’s independent broker/dealer, it created 1,600 financial advisors feeling anxious and wondering if they should start looking for another broker/dealer or wait it out to see...
by Patrick M. Kelly | Oct 11, 2010 | Broker-Dealers, RIA
Finding the best team of associates for your RIA firm takes work, but the benefits of a team versus a solo shop are substantial. That’s because RIA firms don’t have help from broker-dealers provided to them. Many advisors tend to have a special niche such as financial...
