Christiane Delessert, an advisor with National Financial Partners in Waltham, Mass., was thinking about retiring. But like many reps, she didn't have a succession plan in place to get there. With $420 million in assets under management, over 100...
Recruiting in the independent broker/dealer business has reached a fever pitch. The signs are everywhere. Just take Raymond James, where the number of advisors recruited so far this year is already about 80 percent ahead of where it was last year...
Takeover bait. It's a description most regional brokerage firms have become accustomed to and for good reason. Several have been gobbled up over the years, of course. And, truth be told, there is probably many a midsized broker/dealer who wouldn't...
After speaking with scores and scores of licensed sales assistants, and the advisors they support in the wirehouse, independent and RIA channels, Registered Rep. has a pretty good idea of what would happen to advisors if their sales assistants...
In August, I wrote about a relative's rather negative experience in finding a financial advisor (see The Art Of The Deal, Registered Rep., August 2007). This relative, recently retired from the medical field, was disillusioned with the business...
When Holly Hunter decided to leave the wirehouse she'd been with for five years, she knew the going would be tough. But she had no idea exactly how tough. Just planning her escape everything from choosing a broker/dealer to creating a budget took...
Name Firm (B/D) City Est. AUM in MM Yrs. in Biz Business Description/Specialty 1 Ron Carson Carson Wealth Management Group (LPL) Omaha, NE $1,560 24 Holistic wealth management and asset management. 2 Cleves and Brad Delp The Delp Company (LPL)...
In 2006, the average CEO of an S&P 500 company received $14.8 million in total compensation, according to the Corporate Library. That's a 9.4 percent increase from 2005. Those sound like some pretty big numbers especially to the Democratic...
Wachovia Securities' takeover of 120-year-old A.G. Edwards is a big deal a surprising deal, even. But not just because with 14,784 FAs and $1.147 trillion in client assets it creates the third-largest brokerage after Merrill Lynch and Smith Barney...