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Attracting new blood a challenge
With the decline in the ranks of financial advisers showing no signs of abating, large broker-dealers and individual investment advisers are faced with the stark challenge of figuring out how to bring fresh blood into the investment advice business.
Adviser on the move? Four things to know before you go
Whether you are thinking of going independent, changing broker-dealers or just want to confirm your current business platform is right for you, there are four critical areas to analyze.
Questions advisers should consider when considering a change
Is your business growing? If it is growing, are you growing steadily and efficiently? Is your current broker-dealer affiliation fostering this growth and translating your increased revenue into additional support? Does the math make sense?
Wells thwarted in raiding claim
An arbitration panel's recent decision to deny Wells Fargo Advisors LLC's $30 million raiding claim against crosstown rival Stifel Nicolaus & Co. Inc. is just the tip of the iceberg in a six-year battle over advisers.
Recruiting at a trickle
The lull in brokerage recruitment that marked the start of the year is now officially a doldrum, as reps at larger firms are staying in their seats. Advisers on the Move: Who's jumped this year
Recruiting slows for LPL, Raymond James in otherwise solid quarter
Recruiting slows for LPL, Raymond James in otherwise solid quarter as reps and advisers stay put to keep focus on clients amid stock market rally.
After fast start, wirehouse recruiting hits a wall
But break in lull expected after tax season winds up; 'fingers on the trigger'
Advisers: Is the grass really greener?
At one point or another most advisers wonder if the grass is greener—or the gross is greater—at other firms.
Should I stay or should I go?
Editor's note: This case study is based on an actual client, whose last name has been withheld in the interest of privacy.
A tough recruiting environment
Buoyant capital markets and improving conditions in the brokerage industry have created a tough recruiting environment for independent broker-dealers. And given the generally positive outlook for the industry in 2013, it could remain difficult for firms hoping to grow by attracting new advisers.
Are you settling? How advisers can get 'unstuck'
Have you ever felt stuck, like you've lost the energy and zest to continue pushing yourself toward your potential? Our industry is full of stories of advisers who have settled for less than they were hoping to achieve—sometimes much less.
Mariner, Washington Wealth land some big teams
Wins boost Kansas-based Mariner's AUM to $6.3B: Washington snags West Coasters
Sparks fly over plan to disclose bonuses
A Finra proposal to require brokers to tell customers about bonuses and other compensation incentives they receive to join another firm drew sharp reactions after it was announced last week.
The Financial Industry Regulatory Authority Inc. is considering a rule whereby financial advisers and their firms would have to disclose to clients the transition packages advisers received when changing firms.
Sarch: Full disclosure on recruiting incentives? Bring it on!
Dan Jamieson of Investment News reported yesterday that FINRA was considering a rule whereby Advisors and their firms would be required to disclose to clients the transition packages that Advisers receive when they change firms. I've been predicting this for at least six years, maybe longer, and
Explore your opportunities and be informed for your next move.
Mary Beth Franklin, InvestmentNews