by Patrick M. Kelly | Oct 10, 2012 | Job Opportunity
This position is available in the following major markets: Pittsburg PA Detroit MI Phoenix AZ Tampa FL Indianapolis IN Cleveland OH New York NY Our client, a California based RIA, is one of the largest independent investment advisors managing billions of dollars in...
by Patrick M. Kelly | Mar 19, 2012 | Merril Lynch, wirehouses
It’s a given that turnover is a constant in the wirehouse world and every wirehouse has gone thru their periods of upheaval, bad press, and an exodus of brokers. Speculation about Merrill’s inability to recruit big brokers after losing 50-80 top producers in the past...
by Patrick M. Kelly | Apr 5, 2011 | Financial Services Industry
Whatever the final SEC regulations are, it’s pretty well agreed that brokers will be operating under a more stringent fiduciary standard of care. Given that, there will follow a dramatic transition for brokers and firms who will have to jump on the band wagon and add...
by Patrick M. Kelly | Feb 16, 2011 | Clients, IRS
Have your clients been hiding money in an off-shore account? No need to admit it here, but the IRS is offering another (the most recent previous one was in 2009) amnesty program through August 31, 2011. Hidden offshore accounts currently risk detection by the IRS and...
by Patrick M. Kelly | Nov 8, 2010 | Financial Services Industry
RBC announced a decrease in percentage of payouts for advisors generating under $300,000 in revenue in an effort to weed out smaller advisors. RBC is moving in a new direction and wants to attract more million dollar producers in an effort to double its productivity...
