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LPL’s Recruited Assets Down in 2022

Wealth Management

The IBD reported a slowdown in recruited assets in 2022, although its traditional independent advisor channel had a strong quarter

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Steward Partners Secures $140 Million Credit Facility to Accelerate Recruiting

Wealth Management

Available capital will support “flood” of recruits in new year

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Recruiting Top Financial Advisors

eMoney Advisor

Advisor recruitment is always a priority for financial institutions and broker-dealers. And whether you refer to them as “rainmakers” or top-producers, firms want to recruit—and also retain—this select talent that will help drive firm revenue.

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LPL Recruits Record $44B in Q2

Wealth Management

While advisor movement across the industry has muted, LPL added 780 advisors in the second quarter, many of which came from its recruitment of CUNA Mutual Group

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Compliance Throughout the Remote Employee Lifecycle

Compliance is a constantly evolving challenge, from the recruiting stage all the way to employee offboarding. Companies must stay compliant at all stages in the employee lifecycle. This eBook offers strategies to maintain compliance, outlines common compliance mistakes, and more.

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A Positive Outlook for Recruitment and M&A

Advisor Perspectives

The landscape for M&A and recruitment in the advisory profession will continue to be strong

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Hiring Next-Gen Associate Advisors: A Guide To Recruiting, Training, And Retaining For Your RIA

Nerd's Eye View

In the not-so-distant past, the typical career path toward becoming a financial advisor was to build up a book of business on one’s own, often by either tapping into one’s own personal networks or cold-calling prospective clients in bulk to generate enough business to gain a foothold.

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Steward Partners Onboards Newest Wells Fargo Recruit

Wealth Management

Thomas Barr joins Steward Partners Global Advisory following transition to multi-custodial Raymond James platform

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Avantax Announces $1.7B in Newly Recruited Assets in 2022

Wealth Management

During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer

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Journey Strategic Wealth Recruits 3 Teams, $210M in Assets

Wealth Management

The new teams come from Private Advisor Group, Raymond James and New York Life subsidiary Eagle Strategies.

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How to Make the Hybrid Model Work for Your Team

Can you give your employees the best of both worlds? Research has shown that when executed correctly, hybrid working models can allow companies to recruit better talent, achieve innovation, and build a flexible, productive future.

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: Recruit Holding’s Indeed to cut 15% of workforce

MarketWatch

Japan-based Recruit Holdings Inc.’s American depositary receipts of Recruit RCRUY were down 0.2% s JP:6098 Indeed job-search site plans to lay off 15% of its workforce for total of 2,200 positions, according to a company blog post Wednesday. Indeed Chief Executive Chris Hyams said the cuts will “come from nearly every team, function, level and region.”

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Becca Hajjar on Recruiting for the Future

Wealth Management

Becca Hajjar, managing principal and chief business development officer of Commonwealth Financial Network, offers tips for navigating the future of financial advice

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: Airbnb lays off recruiters as it slows hiring

MarketWatch

ABNB has laid off 30% of its recruiting staff as it slows hiring, a company spokesperson confirmed Monday. We have made the difficult decision to reorganize and reduce the size of our recruiting team to reflect our hiring projections,” the spokesperson said, adding that the move doesn’t mean there will be wider layoffs at the company. Bloomberg first reported the news about the recruiter layoffs Friday. Airbnb Inc.

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Is Your Non-Compete Binding? Helpful Tips for Transitioning Advisors

XY Planning Network

4 MIN READ. New year, new firm? Whether you’re changing firms or starting your own, there are many things to consider and do. If notifying or bringing your clients with you is on your checklist, add this task first: C heck employment contract.

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Global Hiring Guide for Startups

Grow your startup beyond borders and boundaries. In this eBook, you’ll discover how you can gain a competitive edge over your business rivals through the latest technology, harnessing global contractors, and using a global employment platform.

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Blog #219: Exceptional Split-Dollar™ (Part 1 of 2) (Including a “Jim Harbaugh” Variation to Recruit a President for a Tax Exempt University)

Robert B. Ritter Jr.

The post Blog #219: Exceptional Split-Dollar™ (Part 1 of 2) (Including a “Jim Harbaugh” Variation to Recruit a President for a Tax Exempt University) first appeared on Bob Ritter's Blog, ideas for financial service professionals. (Click here for Blog Archive)(Click here for Blog Index) (Presentations in this Blog were created using the InsMark Loan-Based Split Dollar System) Editor’s Note: This blog presents a sizzling loan-based split-dollar plan.

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Solve the Breakaway Challenge with an Integrated Wealth Platform

Wealth Management

Turn unified technology into a powerful recruitment and retention tool

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How Firms Are Finding and Keeping Employees

Wealth Management

In a still-tight labor market, advisors are getting creative to retain and recruit staff

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Five Strategies to Overcome the Financial Advisor Shortage

Wealth Management

Amid the Gray Resignation, these steps will help advisory firms recruit and retain fresh talent

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The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

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Mindy Diamond on Independence: 10 Emerging Trends for 2023

Wealth Management

Mindy Diamond and Louis Diamond share predictions for 2023 regarding recruiting, deals, M&A and more

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Bezos Family to Donate $711 Million to Cancer Center in Seattle

Wealth Management

Commitment over the next decade will help Fred Hutch recruit researchers and build a new facility

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Growing Your Advisor Business During the Great Resignation

Wealth Management

To thrive in this environment, firms need to develop purposeful strategies for recruiting and retaining top industry talent

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An Open Letter to Edward Jones Advisors

Diamond Consultants

The Broker Protocol is a framework for recruiting that allows advisors moving to/from certain firms to take select client information with them and freely solicit clients upon resigning. What’s changed at Edward Jones—and what’s driving so many advisors to seek other options?

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Retention Roadmap: Ways to Reduce Talent Turnover in 2022 and Beyond

Employees are now embracing lifestyle over work – with many migrating to other jobs to find opportunities that better align with their priorities. How can you retain your top talent? Get tips to keep your global employees happy, engaged, and productive.

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Transition Deals Are More Competitive Than Ever: Report

Wealth Management

Baseline recruitment deals were up last year, even among the independents, and many firms are getting more creative with their deal structures to incentivize movement, according to a recent Diamond Consultants report

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LPL’s Strategic Wealth Services Lures $1.45B Team

Wealth Management

Recruited away from Wells Fargo, Carnegie Private Wealth is the largest team yet to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020

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Should I Walk Out on My Boss Who I Greatly Admire?

Advisor Perspectives

I was recently approached by a recruiter about a president position at another advisory firm

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Refine Wealth Strategies Is a NAIFA 100% Agency 

NAIFA Advisor Today

Fortunately, fate intervened—with a bit of help from 41-year NAIFA member Terry McTigue, CLU, ChFC , who recruited all three to Northwestern Mutual. When Refine Wealth Strategies founders David J. Klein, CFP, CLU, ChFC, RICP ; Brian Kelly, CLU, ChFC, RICP, CASL ; and Larwin W.

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Recruiting From Within: Expand Your Talent Pipeline While Driving Retention

Rethinking your internal employee career strategy can help you fill critical roles and retain your best talent. This eBook highlights the benefits of internal migration, outlines how to execute a virtual recruitment strategy, and provides tips to promote internal migration.

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A Candid Q&A With Merrill Lynch President Andy Sieg

Wealth Management

The head of the Thundering Herd talks about the brokerage’s relationship with Bank of America, advisor attrition, recruiting and whether the firm will ever add an independent channel

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Steward Adds Third Breakaway to Pershing Platform

Wealth Management

As its multi-custodial strategy bears fruit, Steward Partners has recruited Ensign Wealth Partners from Wells Fargo Advisors Financial Network, bringing the firm's total assets with Pershing to over $1 billion

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LPL: $20B in Organic Growth Over Quarter, Despite Market Drops

Wealth Management

While securities volatility lead to slightly lower total assets and soaring cash balances, LPL's earnings report showed strong quarterly recruiting, pulling in $13B in new money and adding 173 advisors

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CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Nerd's Eye View

The added complication is that, while this structure of hiring a large number of new advisor recruits with a high level of churn results in a high volume of aspiring planners potentially leaving the industry altogether, it is quite profitable for the insurance companies and broker-dealers themselves.

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Tuesday links: the AI genie

Abnormal Returns

newsletter.abnormalreturns.com) Mixed media Engineering blogs are a recruiting tool for tech companies. Markets What role do interest rates have in stock prices? ofdollarsanddata.com) Why the golden age of biotech stocks may be over.

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Terminating a Note Early: When the Pain of Staying Outweighs the Cost of Leaving

Wealth Management

When an advisor signs a recruiting deal, the firm is making an investment in that individual, and the advisor is signifying the intent to make good on the firm’s investment.

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Meet Loyal NAIFA Member Angela White

NAIFA Advisor Today

Angela White is committed to recruiting diverse talent into the insurance and financial services industry and making sure they have the resources they need to succeed. After several years in sales, White took a job recruiting agents and fell in love with the industry.

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NAIFA Member Angela Ribuffo Interviewed for InsuranceNewsNet Magazine

NAIFA Advisor Today

This month's InsuranceNewsNet Magazine features an interview with Angela Ribuffo, RICP, CFP, ChFC, CDFA, CLTC , loyal NAIFA member since 1973.

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Hiring 101: Everything You Need to Know

XY Planning Network

While there is no bulletproof solution to the new area of recruitment, there are key tips and best practices that can help you make a new hire. 9 MIN READ.