by Patrick M. Kelly | Jun 6, 2013 | Financial Advisors, Financial Services Industry
The firms on the 2013 “Leaderboards” were ranked based on self-reported data about their employee advisor channel. The data was gathered in a survey by OnWallStreet’s editorial team, and was announced on June 1. “This year’s top performers took the steps...
by Patrick M. Kelly | Jun 3, 2013 | Financial Advisors, Financial Services Industry
An overwhelming majority of financial advisors expect 2013 to be a better business year than 2012, according to an SEI survey released Tuesday, May 28. When asked their views on the direction of the economy as a whole, 41% of advisors polled predict “slow and steady...
by Patrick M. Kelly | May 27, 2013 | Bank Advisors, Compensation, Financial Services Industry
Recent data from Kehrer Saltzman & Associates reports that only about one in four advisors (24%) are paid based on their production in the current month, down from 58% who were paid that way in 1997. Today almost half of advisors (48%) are compensated based on...
by Patrick M. Kelly | May 20, 2013 | Financial Services Industry, Hiring, New Recruits
Breaking into the brokerage business is getting tougher as declining fees make small accounts less profitable and government restrictions on unsolicited calls make phone sales taboo. That’s leaving big firms struggling to replace a retiring generation of financial...
by Patrick M. Kelly | May 13, 2013 | Financial Services Industry, RIA
RIA assets are expected to account for approximately a quarter of the financial advisor asset market share by the end of next year, according to research from Boston-based global analytics firm Cerulli Associates. “The advisor channel is still the fastest-growing...
by Patrick M. Kelly | May 9, 2013 | Diversity, Financial Services Industry
“The financial planning profession is expected to expand by 32 percent by 2020, more than twice as fast as other professions, according to the Bureau of Labor Statistics. Noting that 70 percent of women would prefer to work with a woman advisor, the need and the...