by Patrick M. Kelly | Mar 5, 2013 | Financial Services Industry
As the economic outlook improves, grid payouts show stability and new incentives are being added to induce financial advisors to strive for more growth. As the four wirehouses unveiled their compensation plans for 2013, the changes all seemed to have one thing in...
by Patrick M. Kelly | Feb 15, 2013 | Financial Services Industry, Morgan Keegan
Raymond James Financial plans to drop Morgan Keegan from the name of its fixed-income arm later this month. The announcement was made during the first quarter earnings conference in late January by Raymond James chief executive officer Paul Reilly, who updated...
by Patrick M. Kelly | Feb 11, 2013 | Financial Services Industry
[pullquote]before regulators turn you and your book into a sitting duck[/pullquote]As the debate over financial advisor compensation disclosure heats up, some advisors who have “thought” about switching firms are now looking at a move before the disclosure issue is...
by Patrick M. Kelly | Jan 14, 2013 | Financial Services Industry, FINRA
“Wall Street brokers who are lured to new firms with signing bonuses of at least $50,000 would be required to tell their clients under a rule proposed by the Financial Industry Regulatory Authority.” (OnWallStreet.com, Jan 7, 2013, Zech Faux “Brokers to Disclose….”)...
by Patrick M. Kelly | Jan 4, 2013 | Financial Advisors, Financial Services Industry, Technology
More mobile apps and technology developments are on the horizon for financial advisors in 2013. “Advisors’ use of technology grew exponentially in 2012, and that growth shows no signs of stopping in 2013. As tech keeps evolving, advisors are eager to use those...
by Patrick M. Kelly | Jan 2, 2013 | Financial Services Industry, Wall Street, wirehouses
Merrill Lynch, Morgan Stanley, UBS and Wells Fargo—need to pay close attention to two areas in order to boost their market share: profitability and financial advisor compensation. “The need for the large firms to increase their hold on the market comes as studies...