by Patrick M. Kelly | Oct 31, 2012 | Going Independent, Wells Fargo
Wells Fargo Advisors Financial Network has added four practices. With these financial advisors its independent brokerage arm, FiNet, has over 1,100 owners and financial advisors in more than 540 practices, with over $55.5 billion in assets under management. The new...
by Patrick M. Kelly | Jun 13, 2012 | Breakaway Brokers, RIA
“Elite independent advisors are now earning close to the same compensation of top Wall Street brokers, with an average of $900,000 annually. Add falling Wall Street compensation and asset growth in the independent advisor channel and it becomes easier and more...
by Patrick M. Kelly | Sep 13, 2011 | Breakaway Brokers, Going Independent
[pullquote]there are more resources than ever to help independent financial advisors transition to the hybrid model[/pullquote] After looking at their options, more and more independent financial advisors are opting into the “hybrid” business model whereby they can...
by Patrick M. Kelly | Jul 5, 2011 | Going Independent
The Schwab Franchise issue popped up at TD Ameritrade’s 2011 Elite Advisor Summit’s opening session Q&A portion two weeks ago in Miami Beach. It seems that an advisor asked Tom Bradley (president of TD Ameritrade) and Fred Tomczyk (CEO) about Schwab’s plans to...
by Patrick M. Kelly | Jul 26, 2010 | RIA
Despite the turbulent financial world, RIA firms expect to see their revenue growth up approximately 15% from 2009. According to the 2010 Charles Schwab RIA Benchmarking Study, “The RIAs we surveyed—870 of our clients, with more than $300 billion under...