Securities America program aims to groom million-dollar producers

NOV 17, 2009
Broker-dealers continue to look for ways to boost sales. One strategy: help employees get better at selling. That approach seems to be paying off for graduates of a program launched last year by Securities America Inc. to help its advisers learn to be million-dollar producers. To date, 20% of advisers who completed the Next Level Coaching Program have seen a 60% increase in fee-based assets under management, the company announced today. The first group of advisers graduated from the year long program in July. Contract advisers who finish the program and achieve a 60% increase in fee-based assets under management will get tuition reimbursement for the program's $4,495 cost and a $2,100 travel stipend. They have three years to hit the target. “As you can imagine, we are extremely excited about the success of the program so far,” Paul Lofties, the company's vice president of acquisitions and product, said in a statement.

Latest News

JPMorgan mulls new asset lending scheme aimed at crypto ETF investors
JPMorgan mulls new asset lending scheme aimed at crypto ETF investors

Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.

Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader
Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader

The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.

UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel
UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel

“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.

Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role
Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role

The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.

Trump's 'revenge tax' might come back to bite US borrowers, experts say
Trump's 'revenge tax' might come back to bite US borrowers, experts say

Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.

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.