Updated Wednesday, August 20, 2014 as of 6:44 AM ET
7 Advantages Banks Offer When Recruiting
Top Advisors
Community banks and credit unions need to recognize and tout the distinct advantages they offer advisors as they compete with bigger financial institutions for top talent, says Frank Smith, vice president of Recruitment at LPL Financial Institution Services.
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Banks and credit unions need to recognize the distinct advantages they offer in the recruiting battle as competition for top talent continues to rise more »
"There aren't enough people going into the industry to replace those who retire," Scott Curtis, president of Raymond James Financial Services, told some 200 program managers and bank advisors at the event in Orlando. more »
In addition to an advisor shortage, bank programs will contend with the challenge of keeping up with technology and client expectations regarding communication practices. more »
The company has a new deal with a Texas firm targeting ultrahigh-net-worth clients. more »
The firm snapped up four Merrill Lynch advisors overseeing a total of $3.1 billion in assets. more »
A renewed federal emphasis on financial literacy education could have an ancillary payoff for the financial planning profession: more new planners. more »
The owners of the world’s largest brokerages say the days of paying big bonuses to lure each other’s brokers and keep their own in place may be ending. more »
Morgan Stanley picked up two former UBS advisors with a combined $3 million in production. more »
In seven years, Focus Financial has grown to $65 billion in AUM from $3 billion. CEO Rudy Adolf shares the company’s growth strategy. more »
The brokerage added five advisors from Wells Fargo and opened three offices. more »
Large firms are targeting smaller “lifestyle” advisors who want to remain independent but need resources, guidance and business support from the “substantial ecosystem of solutions” that are now available. more »
Three big industry names are joining forces to form a new wealth management firm, Lebenthal Wealth Advisors. more »
Educators say they expect full explanation and transparency. more »
2014 Summer Reading List for Advisors
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