by Patrick M. Kelly | Jan 12, 2012 | Job Market, Wall Street
Industry analysts continue to debate over who will acquire Regions Financial’s brokerage firm, Morgan Keegan, but nobody is commenting or confirming anything. The haggle is obviously over price, but it looks doubtful it will be the $1 billion that Regions is looking...
by Patrick M. Kelly | Dec 23, 2011 | Hiring, Job Market
The new Merrill Edge Financial Advisors are targeted for Phoenix, Los Angeles, San Diego and Orange County and are to be on board by the end of the first quarter, 2012, bringing the total financial solutions advisor force in these areas to more than 250. You may...
by Patrick M. Kelly | Dec 21, 2011 | Job Market
A sigh of relief came from the 17,291 global-wide financial advisors at Morgan Stanley last Friday when a spokeswoman from MS told OnWallStreet that advisors would not be included in the cuts planned for the first three months of 2012. (A Bloomberg story had broken...
by Patrick M. Kelly | Dec 14, 2011 | Compensation, Job Market
Although final decisions are weeks away, some reports issued recently are predicting that average 2011 bonus compensation at global investment banks will drop 15% to 30% from last year.* ( At the same time, compensation in the rest of corporate America is rising,...
by Patrick M. Kelly | Nov 21, 2011 | Financial Recruiting Industry, Job Market
Just an FYI for you Financial Advisors who are looking, (or not) to make a move. Should you contact Financial Services Recruiters or go it alone? First to consider: A good recruiter has access to jobs and information about the industry and can provide advice that will...
by Patrick M. Kelly | Oct 20, 2011 | Job Market
With their market value down more than 53% since the start of 2011, Bank of America continues to focus on cutting expenses under CEO Moynihan’s plan, “Project New BAC,” which aims to cut $5 billion in annual costs by the end of 2013. So, the Oct. 13 announcement that...
