by Patrick M. Kelly | Sep 27, 2013 | Financial Advisors, Financial Services Industry, FINRA
The proposal, passed by FINRA on September 19, would require brokers to tell clients of any recruitment compensation they receive in connection with the switch, including bonuses, loans and transition assistance. Customers will be told what the broker received in...
by Patrick M. Kelly | Jan 12, 2012 | Job Market, Wall Street
Industry analysts continue to debate over who will acquire Regions Financial’s brokerage firm, Morgan Keegan, but nobody is commenting or confirming anything. The haggle is obviously over price, but it looks doubtful it will be the $1 billion that Regions is looking...
by Patrick M. Kelly | Sep 13, 2010 | Economy, Financial Services Industry, RIA
RIA firms have substantially increased their assets under management within the past year as of this past quarter. Their growth has jump by the end of the 2nd quarter and the top firms have almost doubled their accounts. Advisors are realizing that breaking away from...
by Patrick M. Kelly | Aug 30, 2010 | Clients, Financial Services Industry
[pullquote]The percentage of women who control the wealth will continue to increase over the years.[/pullquote] Most will agree that the financial services industry is a male-dominated world. So it is no surprise that women are less than happy with their current...
by Patrick M. Kelly | Aug 13, 2010 | Financial Advisor Job Recruits, Financial Recruiting Industry, Hiring, Job Market
[pullquote] a larger broker-dealer needs to add 2,000 to 3,000 financial advisors just to keep pace.[/pullquote] Baby boomer financial advisors are looking for younger advisors to mold and eventually have them take over their book of business. They are finding that...