Nov 3, 2023 | Compensation, Study Groups
Trends in Advisor Compensation in Financial Institutions Even before Karl Marx laid it all out, there has been historical tension between labor and capital: who gets the larger share of the pie? The same holds for the financial advice industry: how much of...
Jul 7, 2023 | Advisors, Financial Planning, Study Groups, Wealth Management
New data indicate that the wealthier people are, the more likely they are to consult with a professional advisor before making an investment decision. But they are less likely to turn to an advisor in a bank or credit union. These findings are among the insights...
Jun 30, 2023 | Study Groups, Wealth Management
Less than 3% of US Households have at least $3 million in financial assets, but those households own 40% of aggregate household financial assets. That was one of the insights served up by Larry Cohen, director of RFI Global’s MacroMonitor, at last week’s Kehrer Study...
Jun 8, 2023 | Advisors, Bank BDs, Banks, Study Groups
The recently published BISA-Cerulli study, Improving Recruitment and Retention Throughout Advisors’ Lifecyles, identified the lack of sunsetting plans for advisors as a weakness in banks and credit unions. Many of the 20 advisors interviewed expressed concern about...
Apr 20, 2023 | Advisors, Research, Study Groups
According to last year’s BISA-sponsored study by Aite-Novarica, median production of second story advisors in 15 bank-based investment services firms was 2.2 times the median production of branch-based advisors in 28 financial institution practices. Source: Growth...
Apr 13, 2022 | Industry Trends, Investments, Research, Study Groups
Last year was a fabulous time to be providing financial advice in a bank or credit union. According to the 2021/2022 Kehrer Bielan Annual Industry Checkup, revenue was up almost 17%. The problem with that success, of course, is that financial institution management...
