by Patrick M. Kelly | Apr 5, 2013 | Compensation, Financial Services Industry
Dually registered financial advisors with at least $100 million in discretionary client assets under management will retain 100% of their advisory fees under a new compensation model that Raymond James Financial Services is rolling out April 1. The ongoing intense...
by Patrick M. Kelly | Mar 25, 2013 | Compensation, Financial Advisors, Financial Recruiters
[pullquote] I think they’re at a huge advantage because they can offer one-stop shopping[/pullquote] Financial advisor recruiting trends are pointing towards continued consolidation of independent firms, and movement of big teams. One of the most significant...
by Patrick M. Kelly | Jan 16, 2013 | Compensation, FINRA
It didn’t take long for financial advisors to react to FINRA’s January 4 proposal to Regulatory Notice 13-02, which would require member firms to specifically disclose the financial incentives they give to the representatives they recruit. And overall, the wirehouse...
by Patrick M. Kelly | Dec 28, 2012 | Compensation, Financial Services Industry
Good news regarding financial advisor compensation according to The FA Insight Study of Advisory Firms: People and Pay Compensation Update for 2012, released Tuesday. “Compensation within the financial advisory industry is rising at rates significantly greater than...
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...