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...
by Patrick M. Kelly | Jul 30, 2011 | Financial Services Industry, S.A.F.E Act
It appears that some of the wirehouses are misinterpreting the guidelines regulating the S.A.F.E. Act of 2008, resulting in negative effects on the careers of some Financial Advisors. As financial recruiters, Willis-Consulting is aware of these issues, and encourage any FA’s who are being effected to contact us for more information and advice. As a background to this issue, please read on…
by Patrick M. Kelly | Jul 18, 2011 | Financial Services Industry
Originally UMAs were designed as a way to bring multiple separate account managers into one account. They require only one client registration, one account, one set of paperwork and one 1099. Portfolios and investment policy statements can be created online in about...
by Patrick M. Kelly | Jul 15, 2011 | Social Media
You might recall last February when Fidelity Institutional Wealth Services introduced the first app for iPhones and Android phones which allowed their financial advisors to remotely access client accounts and respond to client questions. This week, their tech team...
by Patrick M. Kelly | Jul 7, 2011 | Financial Recruiting Industry
Moving to a new firm is not for everyone, but if you are thinking about it, or have decided to jump in and “do it” make sure you have all your “ducks” in order. Organization, account due diligence and compliance issues are the obvious first steps, but it does not end...