Our News

Work with a Firm That is Always in the Know
Elite
14 Jul,2018
2 days Ago

For Wells Fargo, no sentimental commercial waxing nostalgic with stage coach imagery can help them now. Although it may be hard for the executives at Wells Fargo to stomach, the downward spiral of the company is in full effect, as evidenced by recent mid-year statistical reports.

Read More
Elite
05 Jul,2018
1 week Ago

Advisor Group, a division of Lightyear Capital, announced last week that it had purchased Signator Investors Inc. from John Hancock Financial Services for $50 billion in assets.

Read More
Elite
02 Jul,2018
2 weeks Ago

The importance of hiring and retaining advisor talent is an issue at the forefront of every financial services firm as teams have seemingly played hopscotch back and forth among Wirehouses, Independents, Hybrids, and RIAs.

Read More
Elite
25 Jun,2018
3 weeks Ago

Elite Consulting Partners Founder and CEO Frank LaRosa is the featured writer of the just released OnWallStreet Voices article “Wells Fargo leadership team misses the mark again”

Read More
Elite
20 Jun,2018
4 weeks Ago

The death of the Fiduciary Rule is all but a foregone conclusion and its demise has put large firms in a position where they must create a new roadmap for the future when it comes to internal policies and procedures.

Read More
Elite
15 Jun,2018
1 month Ago

The playing field of financial services is changing and technology has proven to be the Most Valuable Player. At present, technology makes up around 25% of the S&P 500 and has become essential to how information is communicated, assimilated, and applied.

Read More
Elite
13 Jun,2018
1 month Ago

The financial services industry is finally taking note – women are a valuable advisor employee asset and an important component of a firm’s growth potential.

Read More
Elite
07 Jun,2018
1 month Ago

Wells Fargo seems to be the soap opera of the financial services industry. A disturbing, and bordering on ridiculous, series of missteps, poor business choices, and down-right fraudulent activity is the Wells Fargo status quo.

Read More
Elite
31 May,2018
2 months Ago

The well-publicized release of Merrill Lynch’s revamped advisor compensation plan has left the industry rumbling and Merrill advisors apprehensive.

Read More
Elite
24 May,2018
2 months Ago

HD Vest is asking its advisors to show them the money and their advisors are delivering. In a dramatic paradigm shift in recruiting and retention philosophy, HD Vest instituted a new plan last year

Read More
Elite
22 May,2018
2 months Ago

Frank LaRosa, CEO of Elite Consulting Partners, is the featured writer of Financial Planning’s Voices column, May 21, 2018.

Read More
Elite
14 May,2018
2 months Ago

LPL Financial has been playing the game of The Price Is Right when it comes to their advisors and fees. It all started earlier this year when LPL announced they were lowering fees for advisors with $100 million or more on the LPL Strategic Asset Management (SAM) platform to a flat 3-point administrative fee.

Read More
Elite
04 May,2018
2 months Ago

It’s becoming increasingly evident that the DOL is on life support. With outdated guidance, a lack of insight, and near zero influence seemingly ruling the day, it comes as no surprise that firms are re-evaluating their approach to DOL mandates.

Read More
Elite
26 Apr,2018
3 months Ago

Last week, DeVoe and Company released some interesting statistics related to RIA mergers & acquisitions. While the slight uptick in the first quarter of this year of 47 M&As over 46 M&As last year offers an indicator of strength, the most illuminating statistic comes when comparing who the mergers are occurring with.

Read More
Elite
16 Apr,2018
3 months Ago

Wells Fargo recently announced a new recruiter incentive commission to any recruiters that refer advisors to Wells Fargo.

Read More
Elite
13 Apr,2018
3 months Ago

Last week, UBS unveiled its Advice Advantage Platform, a service platform which allows customers to transact their business virtually with a human-assisted robo-advisor.

Read More
Elite
10 Apr,2018
3 months Ago

An interesting statistic emerged recently from Cerulli Associates that states independent advisors will control more assets than wirehouse firms by 2020. This information comes as no surprise to our team here at Elite Consulting Partners

Read More
Elite
02 Apr,2018
3 months Ago

‘Fasten your seat belts, it’s going to be a bumpy ride’, might best describe life at Morgan Stanley as last week ushered in another round of dramatic leadership shifts within the organization.

Read More
Elite
22 Mar,2018
4 months Ago

We are pulling out of the protocol because we are going to put more resources back into supporting our advisors. This is the line, more or less, touted by firms like Morgan Stanley, UBS and Citigroup at the end of 2017 as they departed the Protocol for Broker Recruiting in favor of their own internal structures and incentives to retain advisors thinking of making a move.

Read More
Elite
21 Mar,2018
4 months Ago

The recent news of Oppenheimer offering an independent channel to bolster its traditional wealth management business, by tasking Derek Bruton, the former head of LPL Financials National Sales team, may not have come as a big surprise.

Read More
Elite
09 Mar,2018
4 months Ago

In the financial services industry, change is the only guarantee and evaluating your practice, for your sake and that of your clients, to truly address strengths and weakness is the only way to give yourself the ability to strategically plan for ongoing success.

Read More
Elite
27 Feb,2018
5 months Ago

Working as an independent advisor is the career path you want to take but your concerns about turning independence from a goal to a reality are mounting. Do you have enough revenue to support such a move?

Read More
Elite
23 Feb,2018
5 months Ago

Just as diversification is important to a portfolio, diversification in the types of advisors at a firm is equally important. While the industry is showing a decided shift to fee-based business or what is often considered “plain vanilla or packaged product offerings”, the fact is that commission business, investment banking, capital markets, and private placement business is not dead.

Read More
Elite
13 Feb,2018
5 months Ago

You are intrigued by the prospect of going off on your own as an RIA, Hybrid, or Independent.

Read More
Elite
06 Feb,2018
5 months Ago

As a young producer back in 1999, I successfully moved 90% of my clients from Prudential Securities to Smith Barney without violating any rules or regulations. Now, fast forward to 2004 when protocol came into play.

Read More
Elite
01 Feb,2018
5 months Ago

Industry Trends Point to Larger Retail Firm Concerns About Advisors Going Independent

It is not uncommon to hear, on a daily basis, the news of significant multimillion-dollar advisor teams leaving one of the large retail houses to embrace the benefits of going independent.

Read More
Elite
23 Jan,2018
6 months Ago

Elite Consulting Partners Leads Transition of $1.1 Million Dollar Team from Wells Fargo FINET to Raymond James

Read More
Elite
22 Aug,2016
2 years Ago

UBS recruited a team from Morgan Stanley that managed approximately $378 million in client assets, a spokesman confirmed.

Read More
Elite
22 Dec,2015
3 years Ago

In 2015, more advisors than ever are going independent.

A report from the Aite Group shows that independent houses have grown 110%, as opposed

Read More
Elite
11 Jul,2014
4 years Ago

NEW YORK (Reuters) – U.S. investment bank and brokerage firm Raymond James Financial expects 2014 to be its best

Read More
Elite
31 Mar,2013
5 years Ago

The pace of adviser movement into and out of wirehouses picked up at the beginning of this year, compared with a slow 2012,

Read More
Elite
27 Mar,2013
5 years Ago

The pace of adviser movement into and out of the wirehouses picked up at the beginning of this year compared to a slow 2012,

Read More
Elite
07 Oct,2012
6 years Ago

The two heavyweights of the wirehouse world are going toe-to-toe.

Bank of America Merrill Lynch and Morgan Stanley Wealth Management

Read More
Elite
04 Oct,2012
6 years Ago

The two heavyweights of the wirehouse world are going toe-to-toe.

Bank of America Merrill Lynch and Morgan Stanley Wealth Management,

Read More
Elite
16 Sep,2012
6 years Ago

Morgan Stanley was widely seen as the winner in the deal announced last week to purchase Citigroup Inc.’s stake in Morgan

Read More