Broker-dealers reach out to veterans

NOV 10, 2013
Several broker-dealers have programs dedicated to bringing former service members into the financial advice business, or make it a priority to hire veterans and their family members. Here are three that made their veteran numbers available.

Bank of America Merrill Lynch

The wirehouse targets veterans as a segment of its regular new-financial-adviser training program. Number of veterans: 37 year-to-date as of Oct. 18, according to Bank of America Corp. spokeswoman Ana Sollitto.

Edward Jones

The Forces program trains veterans with no financial services experience to become advisers. Participants get paid a salary and performance-driven bonuses while they study for examinations and cultivate clients. Number of veterans: 336 military veterans have been hired so far in 2013, which adds to their approximately 1,500 veteran advisers, according to an Edward Jones statement.

First Command Financial Services Inc.

The firm provides financial planning services to military families, and more than half its corps of advisers are veterans. Number of veterans: About 240 advisers are either veterans or the spouse of a military official, according to First Command spokesman Mark Leach. — Trevor Hunnicutt

Latest News

Carson, Lido strengthen RIA networks with bicoastal deals
Carson, Lido strengthen RIA networks with bicoastal deals

Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.

Goldman gets shareholder backing on $80M executive bonus packages
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.