by Patrick M. Kelly | Apr 12, 2011 | Compensation, Financial Recruiting Industry, Financial Services Industry, Job Market
Of note last week was the announcement by Bank Investment Consultant that financial advisors last year sold a whole lot more mutual funds, ETF’s and other equity-linked products while continuing to increase annuity sales. In addition, the trend toward more fee-based...
by Patrick M. Kelly | Apr 5, 2011 | Financial Services Industry
Whatever the final SEC regulations are, it’s pretty well agreed that brokers will be operating under a more stringent fiduciary standard of care. Given that, there will follow a dramatic transition for brokers and firms who will have to jump on the band wagon and add...
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...
by Patrick M. Kelly | Mar 21, 2011 | Financial Services Industry, Wall Street
In case you missed it, the “buzz” last week was all about the rumor that Wells Fargo & Co was seeking a deal to acquire UBS AG’s U.S. wealth management operations. The report came out of InvestmentNews on Tuesday, the 15th, when they cited “unnamed industry...
by Patrick M. Kelly | Mar 15, 2011 | Financial Services Industry, Social Media
Last Wednesday, Merrill Lynch announced the launch of mobile brokerage apps for iPhone, iPad, and BlackBerry devices. This follows the launch in 2009 of MyMerrill.com and MerrillEdge.com which are banking apps through Bank of America. With the new apps, clients will...
by Patrick M. Kelly | Mar 7, 2011 | Financial Services Industry, RIA, Wall Street
[pullquote]The Hybrid Advisor has opened an avenue to expand their pool of potential clients[/pullquote]. Is the “Hybrid Advisor” the hottest trend on Wall Street? With the ability to serve as both an RIA advisor and a registered rep, the Hybrid Advisor has opened an...
