Going Independent: Several Choices, Several Solutions
Here's how to navigate the numerous options available for a dramatic career shift.
Merrill, Securities America & Commonwealth Add Reps From Rivals
Meanwhile, Focus Financial shares news about its recent executive recruiting.
After 13 Years of Invites, Commonwealth Snags LPL Advisor
Lance Nelson switches IBDs after getting quarterly postcards from Commonwealth since 2001.
Commonwealth Grabs Group From LPL-Affiliated Firm
Benjamin W. Wong and Associates joined Commonwealth after their previous firm, Financial Telesis, was bought by an ex-LPL exec.
FINRA’s Broker Bonus Rule to Have ‘Chilling Effect’ on Recruiting, Advisors Say
FINRA’s push to disclose signing bonuses and other compensation would hurt both advisors and investors, some argue.
The Waiter Test: Recruiting Tips from Commonwealth's Bloom
Many broker-dealers speak about the importance of their corporate culture and how careful they are to make sure there’s a “good fit” when they are recruiting new advisors.
There are two ways to develop a new product: improve upon an existing one or come up with something that’s never been done. Tom Daley’s brainchild, The Advisor Center, vigorously defines the latter.
Commonwealth Names Hunter President, COO; Adds Affiliation Models
Former president Peter Wheeler is now vice chairman of the independent broker-dealer, which has about 1,450 advisors.
Morgan Stanley Adds 4 Wells, JPMorgan Reps; Commonwealth Grabs 9 LPL Advisors
The reps are expected to bring over more than $430 million to the wirehouse, with some $250 million coming over to the independent broker-dealer.
Commonwealth Outlines ‘Glide Path’ at Meeting
Gathered at their national conference in San Antonio in early November, Commonwealth Financial executives said they plan to give financial advisors more official options in how they do business with the independent broker-dealer, starting in the second quarter of 2013.