Perks of Going Indie: Recruitment Bonuses, Higher Payouts, Supportive CEOs
The world of independent RIAs and broker-dealers is wider and deeper than many advisors suspect. On Wednesday, a ThinkAdvisor trade show will help you navigate.
Mission: Train Future Independents
Independent advisor Pamela Rigsby in Raleigh, N.C., was talking about the 24-year-old FA trainee she hired 18 months ago:
“I tell clients she’s a taller, thinner, younger, smarter me!” says Rigsby, 46, jovially. “She’s knocking it flat-out [of the park]. She’s doing the numbers. Headhunters call her all the time.”
Recruiting Trends: Is Now a Good Time to Move?
Before you go independent or switch firms, consider these job-market factors.
Firm Valuation: There’s a Web App for That
CoreValue founder and CEO Chuck Richards says many advisors struggle when trying to do a quick and painless valuation.
Edward Jones ‘Not Altering Direction of Ship’ With Proprietary Fund, Says Exec
Still, the broker-dealer's move into the world of proprietary products is causing some experts to scratch their heads.
FA Satisfaction as Measured by J. D. Power
Satisfaction among independent advisors made a nice improvement over the past year, while that of employee advisors declined slightly, according to the latest J.D. Power and Associates 2013 U.S. Financial Advisor Satisfaction Study.
J.D. Power & Advisor Satisfaction: Behind the Numbers
While the results reflect a small number of advisors, they point to important trends that BDs ignore at their own peril, experts say.
Bonuses Up 8%: Report
Wall Street bonuses should be up about 8% this season and total $20 billion, according to New York State Comptroller Thomas DiNapoli. But experts caution that this increase doesn’t necessarily translate into much these days for advisors.
LPL’s Latest Shot in Tech ‘Arms Race’: Naming Ex-IT Exec to Board
Several experts are wowed by former Xerox CEO Anne Mulcahy’s new role at LPL.
Bonus Season’s Cash Payouts ‘De Minimis,’ Expert Says
The latest figures don’t make an ugly picture for Wall Street employees any prettier.