Industry
Dynasty Financial Partners Grabs Schwab Vet To Run RIA Services
Up-and-coming independent advisory network Dynasty Financial Partners has wooed away Charles Schwab's head of consolidation to run its RIA outreach, recruiting, and transition activities.
State Of The Industry: Too Many Advisors, Aging Too Fast? Or Is Everything Just Right?
About 16% of advisors reportedly quit the business every year and those who remain are getting older. But does this mean that the strong players are simply squeezing out their less experienced counterparts?
North Carolina's SECU Brokerage Cleared Of Real Estate Suitability Charge
In a case so complicated it resembles an extra credit question on a certification exam, FINRA has ruled that sometimes investments can lose money and it isn't the advisor's fault.
Are The Wirehouses Stepping Up Trainee Programs Only To Let Even More People Go?
Strange buzz out there that at least Merrill Lynch and Wells Fargo are beefing up their training programs by 20% to 50%, even though both organizations face issues of consolidation and other firms are reportedly letting trainees go.
Merrill Lynch famously joined Bank of America a few years ago and is now wrestling with issues of where its advisory force fits into the sprawling BofA framework -- or even if it does. Bringing on a reported extra 800 trainees in that kind of unsettled environment seems like a waste of good potential and a lot of money.
Famously, training just one
Survey Shows Half Of All Financial Advisors Are Not Charging For Asset Management
A new survey of financial advisors reveals that 50% of CFP licensees are not charging for investment management services.
In addition to showing that half of all CFPs do not charge for portfolio management, the survey shows that most CFPs who do charge to managing money are doing it for $1000 a year or less.
If you clicked on the link to the new survey, then you know how serious the issue is.
And while I provided that link because it is right the time of the year for this message, there is an element of truth to my little prank.
Yesterday I reported on a real
More Articles ...
- Buried In The Newly Released 2011 Survey Of Trends In The Financial Planning Industry: Serious Challenges To The CFP Profession
- College of Financial Planning Discovers That Planner Income Declined 12.7% Last Year
- Two Merrill Hands Reportedly In The Running To Lead The Thundering Herd
- CFPB Still At The Center Of Congressional Dodd-Frank Bickering
