by Patrick M. Kelly | Dec 28, 2012 | Compensation, Financial Services Industry
Good news regarding financial advisor compensation according to The FA Insight Study of Advisory Firms: People and Pay Compensation Update for 2012, released Tuesday. “Compensation within the financial advisory industry is rising at rates significantly greater than...
by Patrick M. Kelly | Dec 4, 2012 | Financial Advisors, Financial Services Industry
Merrill Adds Ten Big Producers – UBS Picks from Merrill – Wells Adds 24 Since August OnWallStreet.com announced this week that Merrill Lynch has hired 10 financial advisors from rival wirehouse firms who managed a total of $1.07 billion in assets and had...
by Patrick M. Kelly | Nov 19, 2012 | Financial Advisors, Financial Recruiting Industry, Financial Services Industry
As regulations tighten around Wall Street firms, we’re seeing more financial advisors being terminated for offenses which in the past may have been handled with a simple reprimand. Termination need not be a “career buster,” but certain steps need to be put into action...
by Patrick M. Kelly | Nov 9, 2012 | Financial Services Industry
By merging two of its wealth management units earlier this year the Abbot Downing Wealth Management business was launched. Under President Jim Steiner, the subsidiary, which has a “small firm feel”, caters to ultra-high-net-worth individuals and families with $50...
by Patrick M. Kelly | Oct 12, 2012 | Financial Services Industry, Job Market
Merrill appears to be intent to grab as many top Morgan Stanley financial advisors as possible, even arming their managers with lists of advisors to target, according to The Wall Street Journal on Oct 2, 2012. (With offers as high as $1. 5 million upfront not...
by Patrick M. Kelly | Oct 11, 2012 | Financial Services Industry
“The differences between the older and younger generations of advisors just might be hindering the growth of the profession. It’s a known fact that only one fifth of the country’s advisors are under the age of 40 and only 5% under the age of 30. So what’s the problem?...