by Patrick M. Kelly | May 11, 2012 | Financial Services Industry
Banks looking to increase their investment revenue could do better by focusing on reducing the size of advisors’ territories and hiring more financial advisors, according to PrimeVest’s latest white paper on “growing investment programs.” According to Catherine...
by Patrick M. Kelly | Feb 10, 2012 | Financial Advisors, Financial Services Industry
I came across an interesting article in this month’s Financial Advisor, “Shakeout Ahead” written by Andrew Gluck, a veteran financial writer and owner of Advisor Products, Inc. a marketing technology company servicing 1,800 advisory firms. The gist of the article was...
by Patrick M. Kelly | Jan 20, 2012 | Compensation, Wall Street
FinancialAdvisor online magazine reported January 17, that Morgan Stanley, owner of the world’s biggest brokerage, is capping cash bonuses at $125,000 as the firm curtails pay and defers more compensation for senior executives. Members of the company’s operating...
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 | Aug 15, 2011 | Financial Advisor Job Recruits, Hiring, New Recruits, Training Programs
Banks across Wall Street are honed in on cutting costs lately and it looks like the cuts will be hitting advisor training programs next year. [pullquote]…cuts will be hitting advisor training programs next year[/pullquote] Morgan Stanley Smith Barney announced they...