by Patrick M. Kelly | Aug 12, 2011 | Financial Advisors, Financial Recruiting Industry
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...
by Patrick M. Kelly | May 17, 2011 | Financial Advisors, Job Market, wirehouses
According to InvestmentNews Advisors on the Move database, the Big 4 wirehouses saw near historic lows in advisor turnover during the past 12 months ending March 31. Merrill Lynch hired the most net new advisors over the 12 month period (517) and MSSB shed the most...
by Patrick M. Kelly | May 5, 2011 | Financial Advisors, Financial Services Industry
Found a really “good read” to share in the 04/25/2011 edition of Financial Advisor by blogger Josh Brown, contributor and a vice president at Fusion Analytics advisory firm and the author of The Reformed Broker blog. The aging factor of the advisor population has been...
by Patrick M. Kelly | Apr 22, 2011 | Financial Advisors, Financial Services Industry, Merril Lynch
No one would debate the fact that Merrill Lynch went thru some tough times during the economic crisis. But Merrill’s Wealth Management took a survey of their clients over this past year and found that they continue to value their relationship with their financial...
by Patrick M. Kelly | Apr 15, 2011 | Financial Advisors, Going Independent, Job Market
During 2010, brokers and financial advisors have continued to leap into the independent channel at a swift pace. [pullquote]…independent advisors and brokers will make more money in the next year and a half.[/pullquote] Whether it was to set up their own shop,...
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...
