by Patrick M. Kelly | Aug 25, 2010 | Financial Recruiting Industry, Job Market
Baird seems to be moving up more frequently than ever these days. It is targeting more and more markets and taking financial advisors from Merrill Lynch, Morgan Stanley and other firms it can find high producing advisors. Baird is more aggressive than ever. This...
by Patrick M. Kelly | Aug 13, 2010 | Financial Advisor Job Recruits, Financial Recruiting Industry, Hiring, Job Market
[pullquote] a larger broker-dealer needs to add 2,000 to 3,000 financial advisors just to keep pace.[/pullquote] Baby boomer financial advisors are looking for younger advisors to mold and eventually have them take over their book of business. They are finding that...
by Patrick M. Kelly | Aug 13, 2010 | Financial Advisors, Job Market, wirehouses
Wirehouse firms know all too well that their efforts to retain top representatives by offering deferred compensation plans and forgivable loans are not enough. Financial advisors know they have to repay these loans if they decide to leave early. In effect, firms have...
by Patrick M. Kelly | Jul 12, 2010 | Financial Services Industry, Job Market
Fifth Third Securities has been aggressively recruiting candidates for its investment sales team. They just hired a sales person to run the eastern territory and a sales manager for Tennessee and Georgia. Howard Hammond became president four years ago and is primarily...
by Patrick M. Kelly | Jun 28, 2010 | Financial Services Industry, Job Market, Wall Street
Being self-employed and having complete control of your business is not always as great as it seems. Some independent advisors find themselves limited on the different kinds of products and services they can offer their clients. Having your own business also involves...
by Patrick M. Kelly | Jun 23, 2010 | Financial Recruiting Industry, Financial Services Industry, Job Market
[pullquote]…the wirehouse channel has a rich deposit of potential candidates for independent advisory firms[/pullquote] With the constant changes that occur in the financial services and banking industries, it is no surprise that many brokers are keeping their options...
