by Patrick M. Kelly | May 2, 2011 | Brokers, Financial Recruiting Industry, Financial Services Industry, Wall Street
Last week’s surprise announcement by Ameriprise Financial that they would find a buyer for Securities America sent their 1,800 financial advisors and industry recruiters buzzing about where to find new positions at other firms. Since the announcement was just made...
by Patrick M. Kelly | Apr 19, 2011 | Financial Services Industry
With the uncertainty as to what to expect from the SEC’s new fiduciary standard to be set for defining the financial advisor’s role on behalf of clients, Morgan Stanley Smith Barney is moving beyond just “buzzing” about the “what if’s”… At last week’s Securities...
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 7, 2011 | Financial Services Industry, RIA, Wall Street
[pullquote]The Hybrid Advisor has opened an avenue to expand their pool of potential clients[/pullquote]. Is the “Hybrid Advisor” the hottest trend on Wall Street? With the ability to serve as both an RIA advisor and a registered rep, the Hybrid Advisor has opened an...