by Patrick M. Kelly | Mar 8, 2013 | Financial Recruiting Industry
FinancialAdvisor-mag,com ran an interesting article by Gregory Bresiger this week based on a Friday morning roundtable sponsored by Fidelity Institutional Wealth Services, which sells RIA, custody and clearing services to reps and firms that are independent or...
by Patrick M. Kelly | Feb 25, 2013 | Financial Recruiting Industry
“In 2012, almost seven in ten advisors (69%) operated in a team-oriented structure, up from 61% in 2011. Among bank advisors, more than half (53%) worked in teams, according to the research.” * Versus going “solo”, the new research by Cerulli Associates, found the...
by Patrick M. Kelly | Feb 8, 2013 | Financial Recruiting Industry
OnWallStreet.com’s annual Recruiter Roundtable met in January with discussions on future issues within the industry and the prognosis for financial advisor recruiting in the months to come. As you may know, Bill Willis, President and CEO of Willis Consulting, Inc. is...
by Patrick M. Kelly | Jan 25, 2013 | Financial Recruiting Industry
“This is the first significant change to our grid during my almost 20 year tenure at Raymond James,” Tash Elwyn, president of the firm’s Private Client Group, said in a phone interview with On Wall Street last week. “With this new grid we have achieved our goal of...
by Patrick M. Kelly | Dec 14, 2012 | Financial Recruiting Industry
“With 20% of wealthy investors under age 55 planning to change their primary advisor in the next 12 months, tech enhancements may be the difference between acquiring or losing clients” according to the Cisco IBSG Financial Services Practice survey. “Some advisors...
by Patrick M. Kelly | Nov 19, 2012 | Financial Advisors, Financial Recruiting Industry, Financial Services Industry
As regulations tighten around Wall Street firms, we’re seeing more financial advisors being terminated for offenses which in the past may have been handled with a simple reprimand. Termination need not be a “career buster,” but certain steps need to be put into action...