by Patrick M. Kelly | May 6, 2013 | Brokers, Financial Services Industry, FINRA
FINRA’s proposal to require financial advisors to include a link to BrokerCheck on their Web sites and social media pages has been withdrawn—at least temporarily. BrokerCheck is an online tool investors can use to research the backgrounds of current and former...
by Patrick M. Kelly | May 3, 2013 | Financial Services Industry
The proposed rule, put forth by the Financial Industry Regulatory Authority, would require financial advisors to disclose the bonuses and other compensation they receive when switching employers. If the rule goes into effect, it could influence how advisors weigh...
by Patrick M. Kelly | Apr 22, 2013 | Financial Advisors, Financial Services Industry
The National Do Not Call Registry “was established to try to limit the serious effect that telemarketing tactics were having on consumers,” according to Adrian LaRochelle, a staff attorney for the Bureau of Securities Regulation, in a phone interview with...
by Patrick M. Kelly | Apr 5, 2013 | Compensation, Financial Services Industry
Dually registered financial advisors with at least $100 million in discretionary client assets under management will retain 100% of their advisory fees under a new compensation model that Raymond James Financial Services is rolling out April 1. The ongoing intense...
by Patrick M. Kelly | Mar 21, 2013 | Financial Advisors, Financial Recruiters, Financial Services Industry
“Although the job market for all advisors is robust, the talent shortage among firms catering to extremely wealthy clients is particularly acute. That’s good news for advisors, but a problem for firms hoping to expand.”* The talent drought is causing firms to...
by Patrick M. Kelly | Mar 18, 2013 | Financial Services Industry
Congress is preparing to cut the budgets of the SEC and the CFTC at a time when their roles as financial regulators are expanding. Just this week, the Senate Appropriations Committee approved a 5% cut in the budgets for the remainder of the year. The House passed the...