by Patrick M. Kelly | Jun 1, 2012 | Financial Services Industry
If you know Raymond James Financial Services structure, then you probably already know they support five different business models that their financial advisors within their Private Client Group can choose from in one combination or another to run their businesses....
by Patrick M. Kelly | May 11, 2012 | Financial Services Industry
Banks looking to increase their investment revenue could do better by focusing on reducing the size of advisors’ territories and hiring more financial advisors, according to PrimeVest’s latest white paper on “growing investment programs.” According to Catherine...
by Patrick M. Kelly | May 4, 2012 | Financial Advisors, Financial Services Industry, RIA
“aRIA” or Alliance for RIAs, has been formed by six RIA firms, it was announced this week according to Matt Ackermann, reporting for OnWallStreet. The group plans to meet on a regular basis and provide “thought leadership” to independent and wirehouse financial...
by Patrick M. Kelly | Apr 27, 2012 | Financial Services Industry, wirehouses
Financial Advisor Magazine April 2012 issue Wirehouses Still King Of The Hill Despite headlines about breakaway brokers and the ascendency of the independent, fee-based advisory model, the Big Four wirehouses are still holding their own. According to Cerulli...
by Patrick M. Kelly | Mar 30, 2012 | Broker-Dealers, Financial Services Industry
When The Hartford announced plans last Wednesday to sell Woodbury Financial Services, the firm’s independent broker/dealer, it created 1,600 financial advisors feeling anxious and wondering if they should start looking for another broker/dealer or wait it out to see...
by Patrick M. Kelly | Feb 10, 2012 | Financial Advisors, Financial Services Industry
I came across an interesting article in this month’s Financial Advisor, “Shakeout Ahead” written by Andrew Gluck, a veteran financial writer and owner of Advisor Products, Inc. a marketing technology company servicing 1,800 advisory firms. The gist of the article was...
