Peter Vander WallFounder driving creative community growth

Hidden Secrets of the Financial Industry #shorts

Name: Hidden Secrets of the Financial Industry #shorts
Uploaded: 2024-04-01T10:00:50+00:00
Duration: 37 s
Channel: Peter Vander Wall
Description: A short YouTube clip criticizing outdated practices in the financial industry and describing how compliance rules have constrained advisors’ social media…

1 Apr 2024 · 1 min

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0:37

A short YouTube clip criticizing outdated practices in the financial industry and describing how compliance rules have constrained advisors’ social media activity. The speaker, a former recruiter at a large independent broker–dealer, gives an anecdote about how advisors were once forbidden even to 'like' posts because it could be construed as an endorsement, and notes gradual modernization (e.g., live compliance for LinkedIn).

Chapters

The financial industry is like a dinosaur. Yeah. I mean, it's finally coming along, but, like, if they knew what you and I know, it would be a different world for these people. I was a recruiter at the largest independent broker or dealer. So you can go Google that if you really want to know who that is, or look at my LinkedIn profile. And, like, it was cutting edge when I was there of like, oh, we can say whatever we want on LinkedIn. Like, we have, like, live compliance that you can respond to market things as they happen. Like, it was this huge, big deal. Because plenty of other financial advisors that I recruit away, they literally were not allowed to click the like button on any post because that would be seen as an endorsement.