In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Advisors have been retiring for years, of course. But now, with the huge baby boom cohort beginning to head for the exits, the issue is a big one, to wit: How to help older brokers keep their businesses alive? What is the best way to transition...
Smith Barney has begun the job of consolidating some branch offices, as part of a larger cost-cutting program in the works at parent Citigroup. Sources close to the firm say Citi’s retail broker/dealer arm has closed 5 satellite branches...
There are a lot of millionaires in the United States. More than ever, in fact, according to recent research published by London-based market research firm TNS. But are they turning to financial advisors for help? Well, yes, and no.
New research published May 1 by London-based market research firm TNS shows that there is a record-breaking number of millionaires in the United States but fewer are consulting financial advisors
Add A.G. Edwards to the long list of firms that have been fined by the SEC for long-ago failures to supervise brokers who deceptively market timed mutual funds.
Remember the bear market? Remember how ugly that was, in 2002 and 2003, when the securities industry was lopping off employees and in a general state of defense? We can’t either. The post-bubble good times just keep on getting better. The...
Most financial advisors don’t switch firms for better compensation or a big signing bonus. They’re more interested in finding places that will give them good support for their practices. A new report shows the highest paid reps aren&...
In an aggressive recruiting environment, with ridiculously high sign-on bonuses flying left and right, it's hard to keep financial advisors from getting the itch to defect.
There's nothing like a home-office visit to give you a flavor for the new firm you're considering and to help you decide whether it's the right place for you and your clients.
