by Patrick M. Kelly | Jan 31, 2014 | Financial Services Industry, MyRA
From praise to scorn was the reaction on Wall Street to President Obama’s announcement in his State of the Union address of the new MyRA retirement plan for low- to middle-income Americans. But one thing is for sure, many big questions remain to be answered. “The very...
by Patrick M. Kelly | Sep 13, 2013 | Financial Services Industry
Southern California-based Beacon Pointe Wealth Advisors has added Santa Barbara-based Pacific Pointe to its roster, making it the fifth firm in Beacon Pointe’s growing stable, and the fourth in California. The Santa Barbara-based wealth manager said in a statement...
by Patrick M. Kelly | Jul 8, 2013 | Merril Lynch
Merrill Lynch has begun to roll out a new single platform for its managed accounts. The conversion will usher in a change that Lorna Sabbia, head of the firm’s Managed Solutions Group, has been hearing advisors request for 18 years. [pullquote]This is something that...
by Patrick M. Kelly | Jun 3, 2013 | Financial Advisors, Financial Services Industry
An overwhelming majority of financial advisors expect 2013 to be a better business year than 2012, according to an SEI survey released Tuesday, May 28. When asked their views on the direction of the economy as a whole, 41% of advisors polled predict “slow and steady...
by Patrick M. Kelly | May 27, 2013 | Bank Advisors, Compensation, Financial Services Industry
Recent data from Kehrer Saltzman & Associates reports that only about one in four advisors (24%) are paid based on their production in the current month, down from 58% who were paid that way in 1997. Today almost half of advisors (48%) are compensated based on...
