by Patrick M. Kelly | Oct 17, 2012 | Compensation
How most financial advisors are paid at banks and credit unions has evolved from being based on recent production to being based on at least six months to a year of rolling averages, according to a recent study by Kehrer Saltzman & Associates. When Kenneth Kehrer...
by Patrick M. Kelly | Aug 31, 2012 | Compensation, Merril Lynch
Is the $40 million dollar settlement really a resolution? That’s the ‘scuttle’ this week on the block. Or is it opening a door to further claims and litigation? The settlement for deferred compensation will go to about 1, 467 financial advisors who were formerly...
by Patrick M. Kelly | Mar 9, 2012 | Compensation, Financial Recruiters
After reading the compensation rankings for advisory firms cited in my last blog article, see what our founder, CEO and President Bill Willis has to say in his article in the March issue of OnWallStreet. [pullquote]Have the firms gone too far with their huge retention...
by Patrick M. Kelly | Mar 8, 2012 | Compensation, Financial Recruiters
Each year OnWallStreet magazine publishes their annual report on compensation rankings by advisory firms. A new trend this year points to growth in team based award programs. As financial recruiters, we’ve definitely seen more and more firms recruiting high end...
by Patrick M. Kelly | Jan 20, 2012 | Compensation, Wall Street
FinancialAdvisor online magazine reported January 17, that Morgan Stanley, owner of the world’s biggest brokerage, is capping cash bonuses at $125,000 as the firm curtails pay and defers more compensation for senior executives. Members of the company’s operating...
by Patrick M. Kelly | Jan 18, 2012 | Compensation, Financial Recruiters
Bank of America has seen six consecutive quarters of growth in its workforce of financial advisors which now number about 15,500. As a counter to the rumor that more Merrill brokers will be leaving due to competing firms offering them large incentives and the former...