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

Despite economic pressures, Americans aren't giving up their summer vacation plans
Despite economic pressures, Americans aren't giving up their summer vacation plans

Survey finds vacation confidence at an all-time high, defying budgetary constraints and ongoing inflation in travel costs.

New Jersey court says restitution and disgorgement can both be used in securities fraud cases 
New Jersey court says restitution and disgorgement can both be used in securities fraud cases 

A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds. 

UBS loses Ocean Capital lawsuit 
UBS loses Ocean Capital lawsuit 

A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.

Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 
Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 

Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.

Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene

The newest advisor-focused AI notetaker arrives with a low-price pitch for enterprises – but is it too little, too late to gain market share?

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.