by Patrick M. Kelly | Nov 14, 2012 | Compensation
Two opposing points of view were presented in the October 30th feature article in Advisorone.com by reporter Gil Weinreich, who interviewed Patrick Burns, securities lawyer from Beverly Hills, who represents RIA clients; and veteran recruiter Mark Ezweig, the New...
by Patrick M. Kelly | Nov 12, 2012 | Compensation
Incentive compensation — those large bonuses used to lure brokers from one firm to another — should they be disclosed to the broker’s clients? The discussion has been on the table for the past three years; since SEC chairman Mary Schapiro stepped in and...
by Patrick M. Kelly | Jul 27, 2012 | Breakaway Brokers, Wall Street
During its third quarter of the last fiscal year, 120 brokers joined RIA TD Ameritrade, up 50% from a year earlier. For all of last year, TD Ameritrade attracted 348 breakaway brokers, a trend, which managing director of sales Pete Dorsey expects to continue, “because...
by Patrick M. Kelly | Jul 16, 2012 | Breakaway Brokers, Broker-Dealers, Brokers
Financial Advisor Magazine’s July 2012 issue has the latest rankings and survey of the RIA firm arena. Reported by Eric Rasmussen, several trends are emerging in this year’s survey. Breakaway brokers have continued to enter the RIA space even more rapidly following...
by Patrick M. Kelly | May 5, 2011 | Financial Advisors, Financial Services Industry
Found a really “good read” to share in the 04/25/2011 edition of Financial Advisor by blogger Josh Brown, contributor and a vice president at Fusion Analytics advisory firm and the author of The Reformed Broker blog. The aging factor of the advisor population has been...