 |
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Wealthy Spur Increased Need for 'Family Offices'
|
|
The need for "family offices" - a segment of the wealth management
industry that serves extremely wealthy families - is growing
fast enough that a war for talent has emerged. |
|
Nov 02 2006 |
|
|
Asian Advisers Leverage Community |
|
When building their businesses, Asian financial advisers have
a unique opportunity to leverage their insight into their
own communities. |
|
Nov 01 2006 |
|
|
Edward Jones Has 10-Year Plan |
|
Edward Jones plans to continue its expansion efforts by hiring
investment advisers and support staff, strengthening market
share in the U.S. and Canada, and investing up to $260 million
to expand its headquarters near St. Louis. |
|
Oct 31 2006 |
|
|
CareerWire: Bookkeepers, Cost Accountants See Pay
Rise |
|
Salaries seen rising for bookkeepers, cost accountants...
More companies use signing bonuses to attract financial professionals...
Commerce Bank expands Corporate Trust Department... and more.
|
|
Oct 30 2006 |
|
|
Offshoring Comes to the Back Office
|
|
An evolution in offshoring could eventually move a number
of back office jobs outside of the U.S., saving large corporations
as much as $58 billion a year and impacting some 1.5 million
positions between now and 2016. |
|
Oct 27 2006 |
|
|
Demand Seen Pushing Financial Salaries in 2007
|
|
Continued demand for accounting and finance professionals
will push starting salaries higher in 2007, as businesses
mull expansions and continue to wrestle with compliance requirements.
In particular, professionals in compliance, internal audit,
financial analysis and public accounting should benefit. |
|
Oct 25 2006 |
|
|
Bonuses Boost Risk-Technology Compensation
|
|
Risk professionals in software and technology earned a 7 percent
average increase in total compensation in 2005 as an 11 percent
rise in bonuses bulked up a 3 percent bump in salaries. |
|
Oct 24 2006 |
|
|
Ask the Expert: Reaching Beyond Company Networks
|
|
"I
take advantage of my company's networking and mentoring programs,
but sometimes feel like I see the same people at each event.
How can I extend my network beyond this regular circle?" |
|
Oct 23 2006 |
|
|
CareerWire: The Time Demands on CFOs
|
|
CFOs and time management... Burr Wolff names Midwest property
tax vice president... Your comments on illegal immigration...
and more. |
|
Oct 23 2006 |
|
|
Atlanta's HomeBanc Cuts Workforce |
|
As it announced its expectation for a wider-than-anticipated
third-quarter loss, Atlanta-based HomeBanc Corp. said it's
reducing the workforce of its HomeBanc Mortgage unit by 4
percent. The move will save the firm about $19 million. |
|
Oct 20 2006 |
|
|
For Brokers, Training Issues Come into the Open
|
|
Are financial services firms on the edge of a new model in
broker training? As Morgan Stanley's James Gorman urges firms
to be "brutal" in sending their least effective advisers packing,
and executives of smaller firms remark on the inability of
wirehouses to expand the ranks of successful FAs, some wonder
if the time is right to adapt new approaches to developing
novices. |
|
Oct 19 2006 |
|
|
Corporations Use Project Professionals to Fill Gaps
|
|
Sarbanes-Oxley, increased regulatory scrutiny, globalization
and downsizing has left Fortune 100 companies lacking well-credentialed,
senior-level personnel to meet ever-increasing professional
demands. But the corporations' challenge can be the outside
professional's opportunity. |
|
Oct 18 2006 |
|
|
Mid-Size CPA Firms Form National Network
|
|
Twenty two mid-size accounting firms have formed a national
network, designed to act as a single firm and better compete
with the Big Four. The network, Baker Tilly USA, offers tax,
audit and consulting services under one brand name. |
|
Oct 17 2006 |
|
|
Treasury Departments Staff Up to Field Wider Roles
|
|
The responsibilities of corporate treasurers are growing as
they play a greater role within their companies. While these
executives have long been responsible for managing cash flows,
they're now being drawn further into the strategic framework
of their organizations, creating new opportunities and responsibilities
for themselves and those in the treasurer's department. |
|
Oct 16 2006 |
|
|
CareerWire: More Firms Send Women Overseas
|
|
More companies sending women overseas... Schwab cuts number
of advisers in referral program... A.G. Edwards puts money
behind its hunt of top producers. |
|
Oct 16 2006 |
|
|
How Managing Up Positions You for Growth
|
|
Even if no one reports to you, your job still involves managing
people - the ones occupying slots above yours on the organization
chart. It's called "managing up," and those who do it well
can become indispensable to their organizations, resulting
in choice assignments and promotions. |
|
Oct 13 2006 |
|
|
One Author's Tactics for Women, Minorities
|
|
In Minority Rules: Turn Your Ethnicity Into a Competitive
Edge, Kenneth Arroyo Roldan and Gary Stern identify what
they say are key strategies women and minority executives
can use to rise through the ranks of corporate America. In
an exclusive interview Roldan, chief executive of search firm
Wesley, Brown and Bartle, says: "You can't change a company
that doesn't embrace the principles of diversity. So, you
have to control your own destiny." |
|
Oct 12 2006 |
|
|
Firms Seek Advisers From Range of Backgrounds
|
|
A financial background may not be the most important part
of an erstwhile financial planner's resume, which is good
news for newcomers trying to break into a field that's feeling
pinched for qualified talent. |
|
Oct 11 2006 |
|
|
CareerWire: Hispanic Credit Card Market Shows Promise
|
|
Credit card companies have opportunities in Hispanic market...
Harris's myCFO opens Northeast office... BNY plans cuts...
and more. |
|
Oct 10 2006 |
|
|
Tips for Finding That Overseas Job |
|
If you're interested in finding a finance position abroad,
there are a few things to consider before you start packing.
First on the list: the economic health of the country you're
interested in, as well as the jobs considered "hot" there.
|
|
Oct 06 2006 |
|
|
First American Launches Subordinate Lien Group
|
|
First American Corp. launched First American Subordinate Lien
Outsourcing group, a unit that will develop information solutions
for the subordinate lien market. The group will serve as "a
storefront" for many of First American's second lien products,
leveraging the company's property and credit databases. |
|
Oct 05 2006 |
|
|
Considering Coaching? Consider This
|
|
Many financial professionals view a personal cheerleader as
a necessary investment on their way to achieving their goals.
But before you embrace the idea that coaching is indispensable
to success, think carefully about whether it's the best approach
for you. To start, consider whether any of these descriptions
apply to you. |
|
Oct 04 2006 |
|
|
Top Interview Mistakes - And How to Avoid Them
|
|
Few people really like job interviews: You have to be "on,"
the stakes are high, and you have to show off your expertise
and intelligence every step of the way. "Successful interviewing
reflects your ability to sell yourself," says Steve McMahan,
president of Kforce Professional Staffing. "That becomes easier
when you recognize the potential pitfalls and learn to avoid
them." |
|
Oct 03 2006 |
|
|
CareerWire: U. Wyoming Eyes Online Accounting Program
|
|
U. Wyoming may offer online accounting certification... Ford
Motor Credit to cut 2,000 jobs... Wachovia Securities will
create new wholesale lending unit...and more. |
|
Oct 02 2006 |
|
|
Compensation Stable for Energy Risk Professionals
|
|
Risk professionals in the energy sector received modest compensation
increases during 2005, but should benefit if investment banks
and hedge funds increase their activity in the area and the
markets' instability continues. |
|
Sep 29 2006 |
|
|
Countrywide Warns of Layoffs |
|
Countrywide Financial Corp. has warned its staff to expect
layoffs as falling home sales take their toll on the firm's
mortgage business. |
|
Sep 27 2006 |
|
|
Recruiters Can Make You More Likeable
|
|
It's an age-old conundrum: How do you promote yourself to
managers or prospective employers without sounding too impressed
with yourself? The answer, says Jeffrey Pfeffer of the Stanford
Graduate School of Business, is to get a recruiter to do the
promotion for you. |
|
Sep 27 2006 |
|
|
CFOs See Steady Hiring in Fourth Quarter
|
|
Hiring within accounting and finance departments will remain
steady during the last quarter of 2006, with six percent of
chief financial officers planning to add full-time personnel
and two percent anticipating a cut in staff levels. That net
four percent increase is unchanged from the third-quarter
forecast of the quarterly Robert Half International Financial
Hiring Index. |
|
Sep 25 2006 |
|
|
CareerWire: Morgan Stanley Pauses in Layoffs
|
|
Morgan Stanley is taking a break from layoffs in its wealth
management division... Financial firms fuel job changes with
hefty compensation to advisers... U.S. workers value health
benefits over pay. |
|
Sep 25 2006 |
|
|
From Independent CPA to Corporate Finance
|
|
Big companies expect their CPAs to have experience with accounting
issues unique to public firms, especially compliance with
Sarbanes-Oxley and other regulations. The need for that kind
of track record makes jumping from an independent firm to
a corporate finance department challenging. The key is to
understand the CFO's needs, and set about building a resume
that demonstrates you can meet them. |
|
Sep 22 2006 |
|
|
Ask the Expert: Can I Transfer After Just a Year?
|
|
"I
like to follow a one year rule: Stay employed with a firm
for one year before making any change, and work in a position
for one year before pursuing a new opportunity." |
|
Sep 21 2006 |
|
|
Mellon Names Wealth Management Head in S. Calif.
|
|
Mellon Financial Corporation has appointed David Emmes managing
director of Private Wealth Management in southern California.
Russell Kartub has been promoted to managing director of portfolio
management. |
|
Sep 20 2006 |
|
|
CareerWire: Make the Most of Online Search Tools
|
|
Making the most of online search tools… Layoffs at Mercer...
C-level CPAs on corporate hiring. |
|
Sep 19 2006 |
|
|
Career Path: Al Mariano, Accountemps
|
|
"You
can check your company's intranet for job information, but
that's not as effective as having those personal relationships."
|
|
Sep 15 2006 |
|
|
50? You're Not Old, You're Seasoned
|
|
Whether you're pushing or pulling the big five-oh, it can
be tough to find a job. So it's not unethical to give your
resume - and your waistline - a few nips and tucks. |
|
Sep 14 2006 |
|
|
CareerWire: UBS Strengthens U.S. Presence
|
|
UBS to acquire McDonald Investments of Cleveland to strengthen
U.S. presence… A record 462 of FORTUNE 500 companies provide
sexual orientation protection… Securian named “Great Place
to Work in the Twin Cities”… and more |
|
Sep 12 2006 |
|
|
California CPAs Benefit from Strong Demand
|
|
Good news for certified public accountants in California:
The state's strong demand for CPAs should continue. |
|
Sep 07 2006 |
|
|
Some Hiring Managers May Up the Ante
|
|
Most hiring managers say its more difficult to find qualified
candidates than it was a year ago, a dynamic that may play
into candidates' hands as they negotiate the terms of a new
position. However, indications are few candidates are taking
advantage of the pressure. |
|
Sep 06 2006 |
|
|
CareerWire: Investment Firms Pursue Defectors
|
|
Investment firms fight back against defectors... Top accounting
firms grow their revenue... For jobs, look to the Great Plains...
and more. |
|
Sep 05 2006 |
|
|
Position Yourself for a New Job - Discreetly
|
|
Recruiters say financial professionals can gain an inside
track for plum jobs through a proactive approach that includes
regular networking, researching potential employers, working
selectively with recruiters and undertaking projects that
will broaden your skills. All of these activities, they point
out, can be pursued without signaling an interest in leaving
one firm for another. |
|
Sep 01 2006 |
|
|
Do Your Homework on Prospective Employers
|
|
Doing your homework on prospective employers is critical to
your chances of landing a new position. Nearly half of the
executives recently polled said that not knowing about their
company was the most common mistake they saw job-seekers make
during interviews. |
|
Aug 31 2006 |
|
|
Diversity at Deloitte & Touche USA |
|
Kaplan Mobray, U.S. diversity recruiting leader for Deloitte
& Touche USA, discusses his firm’s efforts to diversify its
workforce: "We know that diverse and satisfied team members
foster innovation." |
|
Aug 30 2006 |
|
|
Public Company Executives Lured by Private Equity
|
|
Private equity groups are working hard to recruit senior executives
away from public companies, offering more money and a chance
to leave behind the short-term pressures that are part of
dealing with the capital markets. |
|
Aug 30 2006 |
|
|
CareerWire: Return of the Perk |
|
Companies are bringing back low-cost perks… Merrill Lynch
asks panel to end its obligation to broker who won discrimination
suit… Residential mortgage brokers eye commercial loans… and
more. |
|
Aug 28 2006 |
|
|
CPAs Need Communications Skills to Advance
|
|
Communication skills are more important than ever when it
comes to climbing the corporate ladder. But what are accountants
to do, when they spend more time number crunching than dealing
directly with people or learning to write effectively? The
answer: Learn the communication skills you need to rise to
the next level. |
|
Aug 24 2006 |
|
|
Ask the Expert: I'm Qualified - Why Can't I Find a
Job? |
|
You've got solid experience and the job market is tight. Why
aren't employers making offers? |
|
Aug 24 2006 |
|
|
Women Make Inroads to CFO's Office |
|
Although women have long been underrepresented among corporate
executives, they’re making modest inroads to the CFO's office.
In the S&P 500, women presently hold about seven percent of
CFO positions, according to an informal analysis of data from
Hoover's, a service which maintains a database on 16 million
companies. |
|
Aug 23 2006 |
|
|
Demand for CPAs Rising Globally |
|
As if financial executives didn't have enough trouble finding
CPAs in the U.S., word is spreading that companies overseas
are seeking the very same talent. |
|
Aug 22 2006 |
|
|
CareerWire: From CFO to CEO |
|
From CFO to CEO… Insurance Training Benefits Financial Advisers…
Citigroup Expanding in Key Markets. |
|
Aug 21 2006 |
|
|
MBA Applications Rise |
|
Applications to full-time MBA programs have risen for the
first time in three years, according to the Graduate Management
Admission Council. Much of the increase comes from international
students, the GMAC said, although more women are applying
as well. |
|
Aug 21 2006 |
|
|
Number of CPAs at Standstill, Even as Need Grows
|
|
The number of Certified Public Accountants grew just over
1 percent between 2003 and 2006, even though the pass rate
for the CPA exam has increased. |
|
Aug 18 2006 |
|
|
What Tax Directors Look for When Hiring
|
|
Whether you aspire to be a tax manager or a tax accountant,
you need certain skills to get ahead working in a corporate
tax department. Here are five things tax directors consider
before hiring new staff. |
|
Aug 16 2006 |
|
|
How to Move Around The Baby Boomers
|
|
Efforts by companies to retain baby boomers are frustrating
younger professionals by delaying promotions and infringing
on their independence at work. If you're in Generation X or
Generation Y, you've got to be creative to attain the position
you want. |
|
Aug 15 2006 |
|
|
CareerWire: Private Firms Buy Into SOX
|
|
More private companies comply with at least some parts of
Sarbanes-Oxley... Court won't dismiss overtime suit against
A.G. Edwards... Federal agencies face mass retirement of procurement
officers... and more |
|
Aug 14 2006 |
|
|
Five Things CFOs Look For in Job Candidates
|
|
"What
are they looking for?" Everyone who has responded to a job
ad has asked themselves that question. To shed some light,
we called several CFOs to find out what those elusive honchos
seek in new hires. |
|
Aug 11 2006 |
|
|
Piper Advisors Depart Ahead of Takeover
|
|
Around 81 - or nearly 10 percent - of Piper Jaffray's financial
advisers resigned from the firm's retail brokerage unit during
the second quarter, followed by 31 more during two weeks in
July. The departures come as Piper's takeover by UBS Wealth
Management USA approaches. |
|
Aug 10 2006 |
|
|
Leadership Skills As Career Tools |
|
The quality of your leadership skills can impact your career
path. In fact, industry sources say, strong managerial skills
are almost as important as the ability to sell a product.
But the key word there may be "almost." |
|
Aug 09 2006 |
|
|
CareerWire: Thrifts Leaving Mortgages, Broker Pay
Drifts and More |
|
Thrifts getting out of mortgages... Pay for brokers rose just
1 percent in 2005... Fidelity hiring 2,000 in North Carolina...
and more. |
|
Aug 07 2006 |
|
|
Bank of America Hires for Wealth Management
|
|
Bank of America plans to add 650 jobs in its wealth management
division before the end of the year. |
|
Aug 04 2006 |
|
|
CFOs Value Communicators; Learning Skills is Up to
You |
|
Communication skills have become more important to accounting
and finance professionals, but you may be on your own when
it comes to developing them. |
|
Aug 03 2006 |
|
|
Tips for Responding to Online Ads |
|
Job-seekers often complain their responses to online ads disappear
without any reply from employers. In reply, HR departments
and hiring managers say their work is made harder by e-mails
that are too long, inappropriate or simply miss the mark.
To help you break through, here are some tips on making your
message as effective as it can be. |
|
Aug 02 2006 |
|
|
CareerWire: Auditing Your Job Search
|
|
Auditing your job search... Quality of life in Des Moines...
Hiring nice people as policy. |
|
Jul 31 2006 |
|
|
Salary Increases Slowing for Accountants
|
|
While demand for professionals in audit, tax and management
services at public accounting firms is expected to continue
for many years, salary increases will be less dramatic in
2006. |
|
Jul 28 2006 |
|
|
Certifications Showcase 'Real-World' Expertise of
CPAs |
|
The sheer number of advanced certifications available beyond
the CPA designation can be daunting. But what's the best one
to earn to advance on your career path? It seems specialization
is key to figuring out the best certification for you. |
|
Jul 26 2006 |
|
|
|