May 15, 2025 | Advisors, Banks, Compensation
Bank-Based Advisor Payouts Comparable to Wirehouses and National and Regional Firms Financial Planning’s annual analysis of advisor pay in wirehouses and regional firms is out, just in time for the Kehrer Group’s survey of advisor force compensation in banks...
May 4, 2025 | Banks, Industry Trends, Wealth Management
The nation’s banks and credit unions will continue to face dual pressures to gather deposits and grow non-interest income in the coming months. The days of swelling deposit balances are behind us. Between 2021 and 2023, core deposits in FDIC insured institutions...
Oct 8, 2024 | Advisors, Banks, Credit Unions, Research
Robust Asset Acquisition Dissipated by Asset Attrition As the business of financial advice has shifted from generating transaction revenue to asset-based compensation, asset growth has become an increasingly important metric for directors of retail wealth management...
Feb 15, 2024 | Advisors, Banks, Benchmarking
As advisors in financial institutions built their practices, they acquired clients referred by branch staff. In retrospect, most of them acquired too many clients. Too many to serve well, and so many that they became obstacles to the advisor’s efforts to grow...
Nov 20, 2023 | Bank BDs, Banks, Business Strategy, Credit Unions
The investment services unit in the typical bank or credit union contributes about 20% of revenue to the institution after operating expenses. Net income contribution margin tends to be lower in broker dealers owned by financial institutions. Kehrer Group found that...
Oct 11, 2023 | Banks, Business Strategy, Credit Unions, Research, Thought Leadership
Banks and credit unions commonly use profit margin to assess the performance of their investment services businesses. What are the consequences of this management approach for the health of the business? By comparing the performance of firms with wider profit margins...
