by Patrick M. Kelly | Feb 13, 2014 | Job Market
“Advisory firms are going to have to rethink their hiring philosophies to meet the growing demand for investment advice,” according to industry representatives and academics. Deena Katz, an associate professor of financial planning at Texas Tech University, argued...
by Patrick M. Kelly | Nov 21, 2013 | Baby Boomers
Recently asked “What’s the most vital market force facing Ameriprise right now?” Pat O’Connell, Executive Vice President of Ameriprise, responded: “We’re at the trough of the baby boomers marching their way into their 60s. The demands of that...
by Patrick M. Kelly | Jul 3, 2013 | Compensation, Financial Advisors, Financial Recruiting Industry
HSBC has taken a bold move that many in the industry have long considered unthinkable: it has put all of its financial advisors on salary. Their rationale?? “HSBC made the switch to align the compensation structure for advisors in the U.S. with those in the rest of...
by Patrick M. Kelly | Jan 23, 2013 | Technology
Riskalyze, an online risk profiling tool, has launched a free version for advisors. Using its proprietary Risk Fingerprint technology, Riskalyze quantifies risk tolerance and matches it to the appropriate model portfolio. The free version was announced on the...
by Patrick M. Kelly | Jan 16, 2013 | Compensation, FINRA
It didn’t take long for financial advisors to react to FINRA’s January 4 proposal to Regulatory Notice 13-02, which would require member firms to specifically disclose the financial incentives they give to the representatives they recruit. And overall, the wirehouse...