by Patrick M. Kelly | Apr 15, 2011 | Financial Advisors, Going Independent, Job Market
During 2010, brokers and financial advisors have continued to leap into the independent channel at a swift pace. [pullquote]…independent advisors and brokers will make more money in the next year and a half.[/pullquote] Whether it was to set up their own shop,...
by Patrick M. Kelly | Apr 12, 2011 | Compensation, Financial Recruiting Industry, Financial Services Industry, Job Market
Of note last week was the announcement by Bank Investment Consultant that financial advisors last year sold a whole lot more mutual funds, ETF’s and other equity-linked products while continuing to increase annuity sales. In addition, the trend toward more fee-based...
by Patrick M. Kelly | Mar 30, 2011 | Financial Recruiting Industry, Hiring, Job Market
It was an interesting survey recently conducted by Grant Thornton LLP that pointed to the optimism of banking executives regarding the U.S. economy’s recovery in the next six months. A robust stock market, stabilizing unemployment and improving corporate earnings...
by Patrick M. Kelly | Mar 4, 2011 | Financial Services Industry, Job Market
Ask anyone on the block and most wirehouses and independent broker-dealers recognize that their core financial advisors are aging and will soon need to be replaced, but very few have done much in the past three years to address the issue. Most have spent their time...
by Patrick M. Kelly | Sep 22, 2010 | Hiring, Job Market
[pullquote]There are certain things you must keep in mind if you want to get hired.[/pullquote] If you are a top producer looking to get hired by one of the wirehouses offering lucrative deals, you may want to know what won’t get you hired. Even though wirehouses are...
by Patrick M. Kelly | Aug 27, 2010 | Financial Recruiting Industry, Job Market
The Baby Boomer investors aren’t the only ones looking to retire within the next few years. Unfortunately, their financial advisors are also Baby Boomers and looking to retire. Where does that leave the next generation and beyond? Veteran advisors are having...
