by Patrick M. Kelly | Sep 27, 2011 | Financial Recruiting Industry, Financial Services Industry, Wall Street
So what will the fallout be for UBS with the latest scandal and negative news? Well, although there won’t be any compensation changes for financial advisors as a result of the trading loss of $2.3 billion, in all probability there will be other far reaching losses. No...
by Patrick M. Kelly | Aug 23, 2011 | Financial Services Industry, Training Programs
Acquisitions and Financial Advisor movement is generally associated with a broker-dealer growth, but RBC Wealth Management claims they are doing it by keeping their customers satisfied. A customer satisfaction survey by J.D. Power and Associates ranked RBC first in...
by Patrick M. Kelly | Aug 18, 2011 | Financial Services Industry, Hiring
Before entering a deal, and signing your bonus contract, read ALL the number of provisions. The Wall Street Journal reports on Aug 2, that some bonus contracts reviewed by Dow Jones and several securities lawyers, show that some advisors in recent years have waived...
by Patrick M. Kelly | Jul 30, 2011 | Financial Services Industry, S.A.F.E Act
It appears that some of the wirehouses are misinterpreting the guidelines regulating the S.A.F.E. Act of 2008, resulting in negative effects on the careers of some Financial Advisors. As financial recruiters, Willis-Consulting is aware of these issues, and encourage any FA’s who are being effected to contact us for more information and advice. As a background to this issue, please read on…
by Patrick M. Kelly | Jul 18, 2011 | Financial Services Industry
Originally UMAs were designed as a way to bring multiple separate account managers into one account. They require only one client registration, one account, one set of paperwork and one 1099. Portfolios and investment policy statements can be created online in about...
by Patrick M. Kelly | Jun 13, 2011 | Financial Services Industry, Hiring
There was a lot of “buying” of financial advisors and wealth managers in 2008-09 by some of the industry’s biggest firms through retention packages, most in the form of forgivable loans over a period of time. [pullquote] time and changing economic circumstances will...
