Bank Investment Consultant's Top 10 Stories of 2010
Published December 30, 2010 12:00 AM
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Updated April 26, 2016 9:50 AM
1 Min Read
#1. A Closer Look at the Top 50 Bank Reps
#1. A Closer Look at the Top 50 Bank Reps
In December Bank Investment Consultant magazine honored the industry's best bank-based financial advisors for 2010. We took a closer look at what makes them so great.
Read the complete story here.
#2. Clients Behaving Badly
#2. Clients Behaving Badly
After the Dow Jones industrial average lost 54% of its value between October 2007 and March 2009, investors decided they'd had enough. They yanked a net $97.5 billion out of domestic stock mutual funds over the following 19 months, putting their money into bonds, CDs and mattresses instead.
Read the complete story here.
#3. Taking Care of Business
#3. Taking Care of Business
In our September issue, we profiled Rhonda Arnett, a senior financial consultant with Primevest at Columbia State Bank in Tacoma, Wash. She feels a special connection to small-business owners because when she was younger she worked for one: Her father-who owned an auto repair shop.
#4. Rebuilding Citi
#4. Rebuilding Citi
In September, we discussed Citigroups new strategy. In 2009, its switch to a fee-only program that targets wealthier clients caused many bank brokers to leave, but some advisors remain gung-ho about the opportunity to grow recurring revenue business.
Read the complete story here.
#5. What's Wrong With Bank Brokerage?
#5. What's Wrong With Bank Brokerage?
Rick Rummage argued in an August story that while bank brokerage certainly has found a solid footing in the investment industry over the past 10 years, its advisors still lag their wirehouse cousins in production, something that shouldn't be the case, considering banks' much-touted referral stream.
Read the complete story here.
#6. The Top 20 Program Managers
#6. The Top 20 Program Managers
In June, Bank Investment Consultant ranked the managers of the most productive advisors in bank brokerage
Read the complete story here.
#7. Rules of Engagement
#7. Rules of Engagement
According to our June issue, social networking websites are all the rage, but compliance risks abound for broker-dealers.
Read the complete story here.
#8. Surviving a Bank Failure
#8. Surviving a Bank Failure
BIC Editor Howard Stock wrote in our March issue, with 166 banks shut down by the FDIC in 2009, sudden operational collapse remains a risk for many bank reps.
Read the complete story here.
#9. Rethinking Modern Portfolio Theory
#9. Rethinking Modern Portfolio Theory
In our February issue, Joan Warner asked are we all doing it wrong or is the theory in need of updating and repair
#10. When the Wolf Is at the Door
#10. When the Wolf Is at the Door
How some advisors are helping those affected by layoffs and a diving home prices and getting rewarded for it.
Read the complete story here.
Bank Investment Consultant's Top 10 Stories of 2010
For advisors in the bank channel, 2010 was a year of regulatory change, market rebounds and relative uncertainty. It was also a year of creativity, ingenuity and success. Here were some of our top stories from the year that was.
