sidebar

Connect: 319-210-7700

Connect: 319-210-7700

archive

Author: rafferty

Wealth Management logo

Faking It: Our Third-Annual IBD Report Card Survey

21:44 04 February in In the News by rafferty

February 4, 2013 by Diana Britton, Wealth Management .com In our third annual Independent Broker/Dealer Report Card Survey, reps turned out to sing the praises of their firms. But who are they kidding? The IBD business is in a tight spot. When you’re a parent, you always want to shield your child from the brutal realities of the world. You want them to maintain that wide-eyed innocence for as long as possible. But sooner or later, they realize: It’s a dog-eat-dog world out there. Same goes for the independent broker/dealer business. In REP.’s third annual Independent Broker/Dealer Report Card Survey, fielded at the end of last year, 2,873 advisors turned out to advocate and endorse their firms, giving them high overall scores in categories from compliance to compensation and benefits. But the results seem to belie the pressures that...

Wealth Management logo

IBD Recruiters: Advisors Demanding More Than Ever, Especially Money

21:27 04 February in In the News by rafferty

January 29, 2012 by Diana Britton, Wealth Management.com Industry recruiters said advisors at independent broker/dealers are expecting more from their firms than they ever have before, especially when it comes to up-front money. “Financial advisors are more greedy than ever,” said Jodie Papike, executive vice president of recruiting firm Cross-Search in Jamul, Calif. During a session at the FSI OneVoice 2013 in San Diego, Calif., Papike said she recently spoke with a $100,000 producer, and the first thing he asked was how much up-front money he could get for moving. “That’s the reality.” Ryan Shanks, CEO and founder of Finetooth Consulting, said there are reps that are less greedy, but their main concern is being at a firm that’s stable. In addition to up-front money, reps also now expect higher payout and better services from their b/d, Papike...

investment advisor

That Which Seems Intuitive Is Often Wrong

17:02 25 January in Articles Written by Jon Henschen by rafferty

February 2013 by Jonathan Henschen and featured in Investment Advisor Experience shows that reality is often less obvious than your intuition would lead you to believe One of my summertime readings was John Stossel’s book, “No They Can’t: Why Government Fails—But Individuals Succeed.” Stossel, a journalist, Fox cable network host and avid libertarian, delves into a multitude of examples of how we intuitively run to government to solve problems. In Stossel’s book, he argues that we should abandon our beliefs that a government can cure all national ills and instead “retrain our brains to look at only the facts, to rethink our lives as independent individuals—and fast.” As I read through Stossel’s take on some of our social issues and why our intuitions about them are wrong, it was apparent to me that there are many similarities...