by Patrick M. Kelly | Nov 7, 2012 | Financial Advisor Job Recruits, Financial Recruiters, Financial Recruiting Industry
The bidding war among the big wirehouses to recruit financial advisors who manage the assets of the “ultra rich” continues. High-end U.S. brokers are being offered two to three times the commissions and fees they produced in the previous year, a reflection of how...
by Patrick M. Kelly | Nov 6, 2012 | Financial Recruiting Industry
According to a poll, OnWallStreet reports that Wall Street Brokers expect their compensation to increase if Mitt Romney wins the Presidential election. A win by Mitt Romney in tomorrow’s U.S. presidential election is more likely to boost Wall Street compensation than...
by Patrick M. Kelly | Sep 14, 2012 | Financial Recruiting Industry
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...
by Patrick M. Kelly | Sep 12, 2012 | Financial Recruiting Industry
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...
by Patrick M. Kelly | Aug 16, 2012 | Financial Recruiting Industry
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...
by Patrick M. Kelly | Jul 25, 2012 | Financial Recruiting Industry
Rule 2111 expands broker-dealer suitability and “know your customer” obligations in three ways and it became effective on July 9. Is this just another bureaucratic initiative or does it really strive to provide uniformity and consistency to the old rule? And will it...
