by Patrick M. Kelly | Jul 25, 2011 | Financial Recruiting Industry, Job Market
So, on its one year anniversary, Republicans and industry groups used the occasion to lambast the bill for what they call “dangerous government overreaching.” Accusations that it has not only failed to heal the economy, but it has added to the uncertainty that has...
by Patrick M. Kelly | Jun 7, 2011 | Financial Recruiting Industry, Job Market
A Fidelity Investment’s recent survey reported that 75% of Broker-Dealers and RIAs were focused on hiring in the next 12 months, and they plan to boost their staff by an average of 30%. With a U.S. unemployment rate of 9%+, that’s welcome news in the financial...
by Patrick M. Kelly | May 31, 2011 | Financial Recruiting Industry, Job Market
We’re seeing a “flip-flop” in the financial recruiting arena lately. Big brokerage firms are now knocking on the doors of “independent” brokers, and that marks a change for both parties. During the financial crisis, firms like BofA’s Merrill Lynch and Morgan Stanley...
by Patrick M. Kelly | May 17, 2011 | Financial Advisors, Job Market, wirehouses
According to InvestmentNews Advisors on the Move database, the Big 4 wirehouses saw near historic lows in advisor turnover during the past 12 months ending March 31. Merrill Lynch hired the most net new advisors over the 12 month period (517) and MSSB shed the most...
by Patrick M. Kelly | May 13, 2011 | Hiring, Job Market
With a history of hiring career changers and entry level trainees, Edward Jones wants to recruit at least 230 experienced advisors this year, at least one for each of their regions where they operate. Earlier this year, they added three new recruiters and streamlined...
by Patrick M. Kelly | Apr 26, 2011 | Financial Advisor Job Recruits, Job Market
For anyone who is relying on communication to promote their business, whether it is providing product or service, you have to admit it’s a very noisy, congested, and ever changing world out there. [pullquote]You must stand out and grab attention.[/pullquote]As a...
